acc212 - ch1-7

purchase the goods BD 4750 on credit

• merchandise inventory

  cash

• merchandise inventory

  account payable

• merchandise inventory

  account receivable

• account receivable

  cash

purchase the goods BD 7960 for cash

• merchandise inventory

  account payable

• merchandise inventory

  cash

• merchandise inventory

  account receivable

• cash

  account payable

paid full amount due

• account payable

  cash

• account receivable

  cash

• account payable

  merchandise inventory

• account receivable

  merchandise inventory

returns goods BD 1000 for cash

• cash

  merchandise inventory

• account payable

  merchandise inventory

• account receivable

  merchandise inventory

• cost of good sold

  merchandise inventory

invested cash BD 34000 in the business

• cash

  capital

• account payable

  cash

• account receivable

  cash

• capital

  cash