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2. The following transactions were completed by Weyno Co. (seller) and MM Co. (Buyer) during
the month of July, 2021.
July 1: Weyno Co. Sold merchandise on Account to MM Co., Br. 6,000, terms FOB shipping
point, 2/10 n/30.
July 2: MM Co. paid freight of $350 on July 1 Purchase from Weyno Company
July 5: Weyno Company Sold merchandise on account to MM Co., $8,000, terms FOB
Destination, n/30.
July 7: Weyno Company Paid freight of $50 for Delivery of merchandise Sold to MM Co.
on July 5.
July 1: Weyno Company Received payment from MM Co. for sale of July 1.
July 13: Weyno Company Received payment from MM Co. for sale of July 5
Required:
Journalize the preceding transactions in the book of both Weyro Co. (Seller) and MM Co. (buyer).
(7 pts)
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Sagot :

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