The following events pertain to the Bonnie's Beach Shop for February 2013, its first month of operation. The company uses the periodic inventory system.
1) Feb. 2 Issued $29,000 of common stock for cash.
2) Feb. 3 Purchased $7,500 of merchandise on account with terms 2/10, n/30, FOB shipping point.
3) Feb. 3 Paid $300 cash for shipping charges on the previous purchase.
4) Feb. 4 Returned $1,500 of the merchandise purchased on Feb. 3.
5) Feb. 5 Sold merchandise that cost $2,000 for $3,500 cash.
6) Feb. 10 Recorded the discount and paid the amount due from the purchase of merchandise on Feb. 3.
7) Feb. 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 Bonnie's Beach Shop for February 2013, its first month of operation. The company uses the periodic inventory system.
1) Feb. 2 Issued $29,000 of common stock for cash.
2) Feb. 3 Purchased $7,500 of merchandise on account with terms 2/10, n/30, FOB shipping point.
3) Feb. 3 Paid $300 cash for shipping charges on the previous purchase.
4) Feb. 4 Returned $1,500 of the merchandise purchased on Feb. 3.
5) Feb. 5 Sold merchandise that cost $2,000 for $3,500 cash.
6) Feb. 10 Recorded the discount and paid the amount due from the purchase of merchandise on Feb. 3.
7) Feb. 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 Bonnie's Beach Shop for February