Scribd
Upload
262 views3 pages

Tugas Consignment Fix

Lee Co consigned 25 radio sets to A.M. Fields at a cost of $100 per set plus $75 for shipping. Fields sold 8 sets and returned 2, keeping 15 on hand. Fields owes Lee Co $1,070 after deducting commissions and expenses from the $1,600 in sales. Lee Co recorded the consignment out, sales, expenses and commissions in its accounts.

Uploaded by

Chintya Susanto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
262 views3 pages

Tugas Consignment Fix

Lee Co consigned 25 radio sets to A.M. Fields at a cost of $100 per set plus $75 for shipping. Fields sold 8 sets and returned 2, keeping 15 on hand. Fields owes Lee Co $1,070 after deducting commissions and expenses from the $1,600 in sales. Lee Co recorded the consignment out, sales, expenses and commissions in its accounts.

Uploaded by

Chintya Susanto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Consignor : Lee Co.

Consignee : A.M. Fields

Cost of each set to consignor $100


Cost of shipment paid by consignor $75
Delivery and installation per set $10

CONSIGNEE BOOKS

Account
Shipment of 25 radio

Freight to consignee

Freight in 50 deliveries 80 Consignment in - Lee Co


Cash

Sales Account Receivable


Consignment in - Lee Co

Commisions Consignment in - Lee Co


Commissions on consignment sales

Remmitance

Consignment
Cash

Sales return
Sets Received
Sets Sold 8
Sets Returned to consignor 2
Sets on hand

Sales, 8 @$200
Charges :
Freight in ###
Deliveries and installation expense ###
Commissions, 25% sales ###

Remittance enclosed
Balance owed

CONSIGNOR BOOKS

Debit Credit Account


Consignment out - AM Fields
Merchandise

Consignment out - AM Fields


Cash

130
130

1600
1600

400
400

Cash
Account Receivable
Consignment out - AM Fields
Consignment out - AM Fields
250
250 Consignment out - AM Fields
Consignment income

Merchandise
Consignment
25

10
15

$1,600

###
$1,070
###
###

Debit Credit
2500
2500

75
75

250
820
530
1600

334
334

206
206

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy