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Final

ACCT 2220 Study Guide - Final Guide: Same Same, Retained Earnings, Bank Reconciliation


Department
Accounting
Course Code
ACCT 2220
Professor
Michele Bowring
Study Guide
Final

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
SELLER
  
 Dr. Cash or A/R
Cr. Sales
Dr. COGS
Cr. Merchandise
Inventory
Dr. Cash or A/R
Cr. Sales
NO ENTRY


Dr. Freight Out
Cr. Cash or A/P
Dr. Freight Out
Cr. Cash or A/P

 
Dr. Sales Returns & Allowances
Cr. Cash or A/R
Dr. Merchandise Inventory
Cr. COGS
Dr. Sales Returns & Allowances
Cr. Cash or A/R
NO ENTRY
!
"#
Dr. Cash
Dr. Sales Discounts
Cr. A/R
Dr. Cash
Dr. Sales Discounts
Cr. A/R
$%& NO ENTRY Dr. Merchandise Inventory (end.)
Dr. COGS
Dr. Purchase Returns & allowances
Dr. Purchase Discounts
Cr. Merchandise Inv. (beg.)
Cr. Purchases
Cr. Freight In
'(!)
BUYER
  
 Dr. Merchandise Inventory
Cr. Cash or A/P
Dr. Purchases
Cr. Cash or A/P


Dr. Merchandise Inventory
Cr. Cash or A/P
Dr. Freight In
Cr. Cash or A/P


Dr. Cash or A/P
Cr. Merchandise Inventory
Dr. Cash or A/P
Cr. Purchase Returns &
Allowances
&!"#

Dr. A/P
Cr. Merchandise Inventory
Cr. Cash
Dr. A/P
Cr. Purchase Discounts
Cr. Cash
*%&
"&
&

Dr. COGS
Cr. Merchandise Inventory NO ENTRY
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