Indicate the account to be debited and credited for each of the following transactions of a merchandising business.
1.Bought merchandise terms n/60.
2. Sold merchandise for cash
3. Bought tables and chairs on credit.
4. Received a promissory note for merchandise sold.
5. Cash sales.
6. Paid the rent of the office.
7. The owner made an additional
investment of merchandise.
8. Cash purchases.
9. Paid freight on merchandise bought.
10. Received cash refund for merchandise returned.
11. Issued a promissory note for merchandise purchased.
12. Paid freight on merchandise sold.
13. Paid cash for merchandise returned.
14. Received cash from a tenant as payment of rental.
15. The owner withdrew merchandise for his personal use.
16. Received a credit memo for merchandise returned.
17. Paid cash for merchandise returned. 18. Paid freight on the tables bought.
19. Issued a credit memo for merchandise
returned.
20. Returned defective tables bought on account.
21. Issued a promissory note in payment of an account which is due.
22. A buyer paid freight on terms FOB-destination-freight collect.
23. Received a promissory note as payment of an account due.
24. A seller paid freight on terms FOB-shipping point, freight prepaid.
25. The owner paid the tuition of her daughter out of the cash withdrawn from the office.
Answer:sen me yore gmail i cant copy and pase but if u give me youre gmail i can do it
Explanation:
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