Question

Post the following transactions-

On March 20, the store received payment of $120 from a customer who purchased a snowboard on credit during week 2. On March 21, a customer returned an unused snowboard. Avery gave the
customer a full refund, in the amount of $330 in cash. The snowboard cost Avery $178.
On March 23, week 3 sales were recorded. Sales for week 3 totaled $4300. Of this amount, $1700 was in cash, the remainder on credit. The cost of the snowboards sold was $1421. On March 27,
Avery paid the Mad River Snow Board Manufacturing Company $1320.
On March 31, week 4 sales are recorded. Sales for week 4 totaled $3700. $1256 was in cash, the remainder on credit. The cost of the snowboards sold was $1073.
On March 31, the store received a bill for internet and phone services for the month of March. The amount of the bill is $1098. The bill is due on April 15.
You perform an inventory of the supplies on March 31. The count reveals that there is $134 worth of supplies left on hand at the end of the month. Wages for the last 2 weeks of March in the amount of $2120 will be paid on April 1.

Answer 1

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Date	Account	Debit	Credit
20	Cash	120
	Accounts Receivable		120
21	Sales	330
	Cash		330
21	Inventory	178
	Cost of Goods Sold		178
23	Accounts Receivable	2600
	Cash	1700
	Sales		4300
23	Cost of Goods Sold	1421
	Inventory		1421
27	Accounts Payable	1320
	Cash		1320
31	Accounts Receivable	2444
	Cash	1256
	Sales		3700
31	Cost of Goods Sold	1073
	Inventory		1073
31	Telephone Expense	1098
	Accounts Payable		1098
31	Supplies Expense (425-134)	291
	Supplies		291
31	Wages Expense	2120
	Wages Payable		2120