The following events pertain to the Boardwalk Beach Shop for July 2016,its first month of operation.The company uses the periodic inventory system.
1)July 2 Issued $29,000 of common stock for cash.
2)July 3 Purchased $7,500 of merchandise on account with terms 2/10,n/30,FOB shipping point.
3)July 3 Paid $300 cash for shipping charges on the July 3 purchase.
4)July 4 Returned $1,500 of the merchandise purchased on Feb.3.
5)July 5 Sold merchandise that cost $2,000 for $3,500 cash.
6)July 10 Recorded the discount and paid the amount due from the purchase of merchandise on July 3.
7)July 14 Purchased additional merchandise for $4,600 on account with terms 2/10,n/30,FOB destination.
Required: Record the above transactions in general journal form.

Question

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The Answer of The following events pertain to the Boardwalk Beach Shop for July 2016,its first month of operation.The company uses the periodic inventory system.
1)July 2 Issued $29,000 of common stock for cash.
2)July 3 Purchased $7,500 of merchandise on account with terms 2/10,n/30,FOB shipping point.
3)July 3 Paid $300 cash for shipping charges on the July 3 purchase.
4)July 4 Returned $1,500 of the merchandise purchased on Feb.3.
5)July 5 Sold merchandise that cost $2,000 for $3,500 cash.
6)July 10 Recorded the discount and paid the amount due from the purchase of merchandise on July 3.
7)July 14 Purchased additional merchandise for $4,600 on account with terms 2/10,n/30,FOB destination.
Required: Record the above transactions in general journal form.

The Following Events Pertain to the Boardwalk Beach Shop for July