fill in debit and credit columns 460486
Using the following information to fill in “Debit” and “Credit” columns below:
1/20 Purchased Units 75 @ $17 = $1,275
4/21 Purchased Units 450 @ $19 = $8,550
7/25 Purchased Units 200 @ $23 = $4,600
9/19 Purchased Units 100 @ $29 = $2,900
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fill in debit and credit columns 460486
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Available for Sale: 825 $17,325
During this year, Bristol Sales sold 775 DVDs for $60 each.
Date Account Title Debit Credit
Jan. 20 Merchandise Inventory
Cash
Apr. 21 Merchandise Inventory
Cash
July 25 Merchandise Inventory
Cash
Sept. 19 Merchandise Inventory
Cash
(1) FIFO Sales and Cost of Goods Sold
2012 Cash
Sales Revenue
2012 Cost of Goods Sold
Merchandise Inventory
(2) LIFO Sales and Cost of Goods Sold
2012 Cash
Sales Revenue
2012 Cost of Goods Sold
Merchandise Inventory
(3) Weighted Average Sales and Cost of Goods Sold
2012 Cash
Sales Revenue
2012 Cost of Goods Sold
Merchandise Inventory
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