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An Example of Journal Entries

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This file contains examples of journal entries.

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This file contains examples of journal entries.

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For your convenience, I have attached a formatted MS Excel spreadsheet which contains the text below. I have also added notes to the spreadsheet, which illustrate how the amounts were calculated.

Feel free to contact me in the future in the event that additional assistance is required.
P-3.
(a) Bell Company purchased merchandise on account from Office Suppliers for $85,000,
with terms of 2/10, n/30. During the discount period, Bell returned some merchandise
and paid $73,500 as payment in full. Bell uses a perpetual inventory system.
Prepare the journal entries ...

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