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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
Eatable Company engaged in the following transactions during the month of July:
July 1 Sold merchandise to A Company for 50,000, 2/10, n/30.
July 2 Sold merchandise to B Company for 200,000, 2/10, n/30.
July 12 Received payment from B Company for the July 2 sale.
July 30 Received payment from A Company for the July 1 sale.
Required:Â
a. Prepare journal entries using Gross method and Net method.
Â
----------- Â ----------- H-----------ell-----------o S-----------ir/-----------Mad-----------am ----------- Th-----------ank----------- yo-----------u f-----------or -----------usi-----------ng -----------our----------- we-----------bsi-----------te -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------ns.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------