Accounting Principles

Would you like us to handle your paper? Use our company for better grades and meet your deadlines.

Order a Similar Paper Order a Different Paper

Problem 5-4A (Part Level Submission)

Yolanda Hagen, a former disc golf star, operates Yolanda’s Discorama. At the beginning of the current season on April 1, the ledger of Yolanda’s Discorama showed Cash $1,900, Inventory $2,600, and Owner’s Capital $4,500. The following transactions were completed during April.

Apr. 5 Purchased golf discs, bags, and other inventory on account from Mumford Co. $1,200, FOB shipping point, terms 2/10, n/60.
7 Paid freight on the Mumford purchase $40.
9 Received credit from Mumford Co. for merchandise returned $200.
10 Sold merchandise on account for $920, terms n/30. The merchandise sold had a cost of $552.
12 Purchased disc golf shirts and other accessories on account from Saucer Sportswear $675, terms 1/10, n/30.
14 Paid Mumford Co. in full, less discount.
17 Received credit from Saucer Sportswear for merchandise returned $75.
20 Made sales on account for $610, terms n/30. The cost of the merchandise sold was $400.
21 Paid Saucer Sportswear in full, less discount.
27 Granted an allowance to customers for clothing that was flawed $20.
30 Received payments on account from customers $900.

Once you get frustrated and struggling to accomplish your work on time, you need online assignment help. We understand your needs and provides you with reliable writing specialists to complete your projects at an affordable price.

Get a 15% discount on your order using the following coupon code SAVE15

Order a Similar Paper Order a Different Paper

Looking for this or a Similar Assignment? Click below to Place your Order



Click one of our contacts below to chat on WhatsApp

× How can I help you?