On July 18, BDA company received payment from Surin company for purchase of July 8.The correct journal entries are:
A. For BDA company:Dr. Cash 1,000 Cr. Accounts receivable 1,000For Surin company:Dr. Accounts payable 1,000 Cr. Cash 1,000
B. For BDA company:Dr. Cash 800 Cr. Accounts receivable 800For Surin company:Dr. Accounts payable 800 Cr. Cash 800
C. For BDA company:Dr. Cash 1,000 Cr. Accounts receivable 1,000For Surin company:Dr. Accounts payable 800 Cr. Cash 800
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On July 10, BDA company paid transportation costs of $50 for delivery of merchandise sold to Surin company on July 8.The correct journal entry is:
A. For BDA company:No journal entry.For Surin company:Dr. Merchandise inventory 50 Cr. Cash 50
B. For BDA company:No journal entry.For Surin company:Dr. Delivery expense 50 Cr. Cash 50
C. For BDA company:Dr. Delivery expense 50 Cr. Cash 50For Surin company:No journal entry.
On July 16, BDA company issued Surin company a $200 credit memorandum for merchandise returned. The merchandise was purchased by Surin company on account on July 8. The cost of the merchandise returned was $140.
A. For BDA company:Dr. Sales 200 Cr. Accounts receivable 200Dr. Merchandise inventory 140 Cr. Cost of merchandise sold 140For Surin company:Dr. Accounts payable 200 Cr. Merchandise inventory 200
B. For BDA company:Dr. Sales 200 Cr. Accounts receivable 200Dr. Merchandise inventory 140 Cr. Cost of merchandise sold 140For Surin company:Dr. Cash 200 Cr. Merchandise inventory 200
C. For BDA company:Dr. Sales returns and allowances 200 Cr. Accounts receivable 200Dr. Merchandise inventory 140 Cr. Cost of merchandise sold 140For Surin company:Dr. Accounts payable 200 Cr. Merchandise inventory 200
July 6, Surin company paid transportation charges of $30 on the July 4 purchase from BDA company.The correct journal entry is:
A. For BDA company:No journal entry.For Surin company:Dr. Merchandise inventory 30 Cr. Cash 30
B. For BDA company:Dr. Delivery expense 30 Cr. Cash 30For Surin company:No journal entry
C. For BDA company:No journal entryFor Surin company:Dr. Delivery expense 30 Cr. Cash 30
BDA company is the seller, and Surin company is the buyer. Assuming both BDA company and Surin company using perpetual inventory system. Select the correct journal entries for both BDA company and Surin company from question 17 to question 24 (以上题干适用于第17题至第24题,请为第17题至第24题中的每一笔业务,选择正确的分录) .July 4. BDA company sold $1,500 of merchandise on account to Surin company, terms FOB shipping point, n/45, invoice dated July 4. The cost of the merchandise sold was $900.The correct journal entries are:
A. For BDA company:Dr. Cash 1,500 Cr. Sales 1,500Dr. Cost of merchandise sold 900 Cr. Merchandise inventory 900For Surin company:Dr. Merchandise inventory 1,500 Cr. Cash 1,500
B. For BDA company:Dr. Accounts receivable 1,500 Cr. Sales 1,500Dr. Cost of merchandise sold 900 Cr. Merchandise inventory 900For Surin company:Dr. Merchandise inventory 1,500 Cr. Accounts payable 1,500
C. For BDA company:Dr. Accounts receivable 1,500 Cr. Sales 1,500Dr. Merchandise inventory 900 Cr. Cost of merchandise sold 900For Surin company:Dr. Merchandise inventory 1,500 Cr. Accounts payable 1,500