Extracted text: Answer is not complete. No Date General Jourmal Debit Credit October 01 Purchases 14,800.00 Accounts payable- Zeon Company 14,800.00 O 2 October 02 Cash 1,600.00 O Sales 1,600.00 C 3 October 07 Purchases O 10,600.00 O Accounts payable- Billings Company 10,600.00 O 4 October 07 Transportation-in 350.00 O Cash 350.00 October 08 Delivery equipment 14,000.00 O Accounts payable- Finlay supplies 14,000.00 O 6 October 12 Accounts receivable- Comry Holdings 4,800.00 O 4,800.00 Sales Accounts payable-Billings Company 1,000.00 O 7 October 13 1,000.00 O Purchase returns and allowances Office supplies 520.00 O 8 October 13 520.00 Accounts Payable -Staples October 13 Office supplies 520.00 Accounts Payable-Staples 520.00 C 9 October 15 Accounts receivable - Tom Willis 4,150.00 O Sales 4,150.00 O 10 October 15 Accounts payable- Billings Company Cash Purchase discounts 11 October 16 Accounts Payable-Staples 110.00 O Office supplies 110.00 O 12 October 19 Sales returns and allowances 320.00 O Accounts receivable- Tom Willis 320.00 O 13 October 25 Cash Sales discounts Accounts receivable- Tom Willis 14 October 29 Cash Sales discounts 4,800.00 Accounts receivable-Comry Holdings 14,800.00 O October 31 Accounts payable- Zeon Company 15 14,800.00 O Cash
Extracted text: Prepare General Journal entries to record the following periodic system merchandising transactions for Safety Merchandising. Use a separate account for each receivable and payable: (Round your answers to the 2 decimal places.) October 1 Purchased merchandine from Zeon Company on credit, terma 1/10, n/30, $14,800. 2 Sold merchandise for cash, $1, 600. 7 Purchased merchandise on credit from Billings Co., terma 2/10, n/30, $10,600, FOB the seller's factory. 7 Paid $350 cash for freight charges on the merchandise shipment of the previous transaction. 8 Purchased delivery equipment from Finlay Supplies on eredit, $14,000. 12 Sold merchandise on credit to Comry Moldings, terms 3/15, 2/30, n/60, $4,800. 13 Received a $1,000 credit memo for merchandine purchased on Oetober 7 and returned for credit. 13 Purchaned office supplies on credit from Staples, $520, n/30. 15 Sold merchandise on credit to Ton Willis, terna 1/10, 1/30, n/60, $4,150. 15 Paid for the merchandise purchased on October 7. 16 Received a credit memo for unsatisfactory office supplien purchaned on October 13 and returned, $110. 19 Issued a $320 credit memo to the customer who purchased merchandise on october 15 and returned a portion for credit. 25 Received payment for the merchandise sold on October 15. 29 The customer of October 12 paid for the purchase of that date. 31 Paid for the merchandise purchased on October 1.