Sellars Company and Beyer Co - Journal sales and Purchases

Aug

1

Sellars Company sold merchandise on account to Beyer Co., $17,850, terms FOB

destination, 2/15, n/eom. The cost of the merchandise sold was $10,700.

2

Sellars Company paid transportation costs of $140 for delivery of merchandise

sold to Beyer Co. on August 1.

5

Sellars Company sold merchandise on account to Beyer Co., $27,550, terms FOB

shipping point, n/eom. The cost of the merchandise sold was $16,500.

6

Beyer Co. returned $1,800 of merchandise purchased on account on August 1

from Sellars Company. The cost of the merchandise returned was $1,050.

9

Beyer Co. paid transportation charges of $165 on August 5 purchase from Sellars Company.

15

Sellars Company sold merchandise on account to Beyer Co., $32,000, terms FOB

shipping point, 1/10, n/30. Sellars Company paid transportation costs of

$1,243, which were added to the invoice. The cost of the merchandise sold was $19,200.00

16

Beyer Co. paid Sellars Company for purchase of August 1, less discount and

less return of August 6.

25

Beyer Co. paid Sellars Company on account for purchase of August 15, less discount.

31

Beyer Co. paid Sellars Company on account for purchase of August 5.