会计学学习资料：05第5章答案.docVIP

SOLUTIONS TO CH5 EXERCISE 5-1 (a) GENERAL JOURNALJ1DateAccount Titles and ExplanationRef.DebitCreditApr. 5Merchandise Inventory　20,000 　  Accounts Payable　20,000 (To record goods purchased on account from Allman)　　Apr. 6Merchandise Inventory　900 　 Cash　900 (To record payment of freight on goods purchased)　　Apr.7Equipment　26,000 　 Accounts Payable　26,000 (To record equipment purchased on account)　　Apr.8Accounts Payable　4,000 　 Merchandise Inventory　4,000 (To record return of goods received from Allman Company)　　Apr.15Accounts Payable　16,000 　 Cash　15,680  Merchandise Inventory　320 (To record payment with discount period)　　 (b) May.4 Accounts Payable 16,000 Cash 16,000 (To record payment with no discount taken) EXERCISE 5-3 (a) Lippizan CompanyJ1DateAccount Titles and ExplanationRef.DebitCreditJun.10Merchandise Inventory　6,000 　 Accounts Payable　6,000 (To record goods purchased on account from Bristol)　　Jun.11Merchandise Inventory　400 　 Cash　400 (To record payment of freight on goods purchased)　　Jun.12Accounts Payable　300 　 Merchandise Inventory　300 (To record return of goods received from Bristol)　　Jun.19Accounts Payable　5,700 　 Cash　5,586  Merchandise Inventory　114 (To record payment with discount period)　　 (b) BristolJ1DateAccount Titles and ExplanationRef.DebitCreditJun.10Accounts Receivable　6,000 　 Sales　6,000 (To record credit sale to Lippizan)　　Jun.10Cost of Good Sold　3,000 　 Merchandise Inventory　3,000 (To record cost of merchandise sold)　　Jun.12Sales Return and Allowance　300 　 Accounts Receivable　300 (To record credit granted to Lippizan for returned goods)　　Jun.12Merchandise Inventory　150 　 Cost of Good Sold 　150