AGNES RAMOS CO.

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Created by
Neo*chinen

Cards (9)

  • Ramos sold merchandise on account to Cammayo, P162,000. Terms: FOB Destination Point; 2/10, n/30. Freight charges amounted to P2,000.
    Accounts Receivable
    Sales
  • Ramos sold merchandise on account to Cammayo, P710,000. Terms: FOB Shipping Point; 2/10, n/30. Freight charges amounted to P8,000.
    Accounts Receivable
    Sales
  • Cammayo paid freight charges on the purchase of May 5.
    No Entry
  • Ramos received returned merchandise from Cammayo in the amount of P12,000 from the May 4 sale
    Sales Returns and Allowances
    Accounts Receivables
  • Ramos received payment from Cammayo for the May 4 transaction less returns and discounts.
    Cash
    Sales Discount
    Accounts Payable
  • Ramos paid the transportation charges on the May 4 shipment.
    Freight-out
    Cash
  • Ramos received payment from Cammayo for the May 5 transaction.
    Cash
    Sales Discount
    Accounts Receivables
  • Ramos sold merchandise on account to Cammayo, P250,000. Terms: 40% trade discount; FOB Shipping Point; 2/10,n/30.
    Accounts Receivables
    Sales
  • Ramos received payment from Cammayo for the amount due from the transaction of May 18.
    Cash
    Sales Discount
    Accounts Receivables