week 4 principles of acctg 495483

E5-18 PrintTYK Test Your Knowledge Student Name Course Name Student ID: Date: Requirements 1. Students please fill-in areas that are shaded Req. 1 DEBIT CREDIT Journal DATE POST.REF. On June 30, 2012, Hayes Jewelers purchased inventory of $5,800 on account from Slater Diamonds, a jewelry importer. Terms were 3/15, net 45. The same day Hayes paid freight charges of $400. Upon receiving the goods, Hayes checked the order and found $800 of unsuitable merchandise, which was returned to Slater on July 4. Then, on July 14, Hayes paid the invoice. ACCOUNTS AND EXPLANATIONS June 30 E5-18 Journalizing sales transactions – perpetual systems LO 3 [10-15 minutes] Refer to the facts presented in Exercise 5-15. Exercise 5-15 presented here for your convenience. Journalize the transactions of the seller, Slater Diamonds. Slater’s cost of goods sold was 45% of the sales price. Explanations are not required. Jul 4 Accounting, 9e Good student April 23 30.00 4.00 14.00 Print Test Your Knowledge E5-18 PrintTYK Test Your Knowledge Student Name Course Name Student ID: Date: Requirements 1. Students please fill-in areas that are shaded Req. 1 DEBIT CREDIT Journal DATE POST.REF. On June 30, 2012, Hayes Jewelers purchased inventory of $5,800 on account from Slater Diamonds, a jewelry importer. Terms were 3/15, net 45. The same day Hayes paid freight charges of $400. Upon receiving the goods, Hayes checked the order and found $800 of unsuitable merchandise, which was returned to Slater on July 4. Then, on July 14, Hayes paid the invoice. ACCOUNTS AND EXPLANATIONS June 30 E5-18 Journalizing sales transactions – perpetual systems LO 3 [10-15 minutes] Refer to the facts presented in Exercise 5-15. Exercise 5-15 presented here for your convenience. Journalize the transactions of the seller, Slater Diamonds. Slater’s cost of goods sold was 45% of the…