EVA CAMMAYO SUPPLY CO

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Created by
Neo*chinen

Cards (11)

  • Ramos sold merchandise on account to Cammayo, P162,000. Terms: FOB Destination Point; 2/10, n/30. Freight charges amounted to P2,000.
    Purchases
    Accounts Payable
  • Ramos sold merchandise on account to Cammayo, P710,000. Terms: FOB Shipping Point; 2/10, n/30. Freight charges amounted to P8,000.
    Purchases
    Accounts Payable
  • Cammayo paid freight charges on the purchase of May 5.
    Freight-in
    Cash
  • Ramos received returned merchandise from Cammayo in the amount of P12,000 from the May 4 sale.
    Accounts Payable
    Purchases Returns and Allowances
  • Ramos received payment from Cammayo for the May 4 transaction less returns and discounts.

    Accounts Payable
    Cash
    Purchase Discount
  • Ramos sold merchandise on account to Cammayo, P250,000. Terms: 40% trade discount; FOB Shipping Point; 2/10,n/30.
    Purchase
    Accounts Payable
  • Ramos sold merchandise on account to Cammayo, P250,000. Terms: 40% trade discount; FOB Shipping Point; 2/10,n/30.
    Purchase
    Accounts Payable
  • Ramos paid the transportation charges on the May 4 shipment.

    No Entry
  • Ramos received payment from Cammayo for the May 5 transaction.
    Accounts Payable
    Purchase Discount
    Cash
  • Cammayo paid freight charges on the May 18 transaction, P3,000.
    Freight-in
    Cash
  • Ramos received payment from Cammayo for the amount due from the transaction of May 18.
    Accounts Payable
    Cash
    Purchase Discount