Reference no: EM132745463
Question - Bright's Patio Shop sells garden and patio furniture. Record the following transactions in the appropriate special journals. Total each journal at May 31.
May 1 Sold $2,600 of patio furniture to Jen Williams, terms n/30, invoice 310 (cost, $1,700).
May 2 Purchased inventory on credit terms of 1/10, n/60 from Sisco Corp., $8,000. Invoice date is May 2.
May 5 Sold inventory for cash, $400 (cost, $220).
May 10 Purchased $600 of patio lanterns from an artisan. Issued cheque no. 401.
May 15 Sold $5,000 of outdoor seating to Pat's Restaurant, terms n/30, invoice 311 (cost, $3,400).
May 22 Received payment from Jen Williams (May 1).
May 26 Received payment from Pat's Restaurant (May 15).
May 29 Paid Sisco Corp. for the purchase made on May 2, cheque no. 402.
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