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FEBRUARY

02/03/17

Kaloka Co. acquired 1 Mogiya Aces and 1 Mogiya XXX amounting to 2,200,000 and 3,400,000
respectively from CnF Corporation for service use. Terms: 20% downpayment and issued notes with a
12% interest in the remaining balance to be paid 24 equal monthly installment starting at the end of the
month of sale.

Payment
Cash 179 106.66
Notes Receivable 177 333.33
Interest income 1 773.33
To record the regular sale of Mogiya Aces and Mogiya XXX.

Cash 1 064 000


Notes Receivable 4 256 000
Sales 5 320 000

Cost of goods sold


Finished goods inventory Mogiya Aces
Finished goods inventory Mogiya XXX

02/08/17

Yangdam Enbrowk Co., a startup entrepreneur, purchased in cash a Mogiya Liberty amounting
to 3 000 000 from CnF Corporation to be used in its business.

To record the regular sale of Mogiya Liberty.


Cash 2,850,000
Sales Discount 150,000
Sales 3 000 000

Cost of goods sold


Finished goods inventory Mogiya Liberty

02/09/17

Caye Apanatin purchased in cash Mogiya Delta from CnF Corporation for personal use
amounting to 4 000 000.
To record the regular sale of Mogiya Delta.

Cash 3 800 000


Sales Discount 200,000
Sales 4 000 000

Cost of goods sold


Finished goods inventory Mogiya Delta

02/10/17

Nat Redi purchased in cash a Mogiya Runner from CnF Corporation for personal use amounting
to 4 800 000.

To record the regular sale of Mogiya Runner.

Cash 4 560 000


Sales Discount 240,000
Sales 4 800 000

Cost of goods sold


Finished goods inventory Mogiya Runner

02/18/17

Nat Redi purchased a Mogiya Aces from CnF Corporation for personal use amounting to 2 200
000. He paid 15% down payment and has been issued a notes with a 12% interest to be paid in
36 equal monthly installment starting at the end of the month following the month of sale.
.
Payment
Cash 52,463.88
Notes receivable 51,944.44
Interest income 519.44
To record the regular sale of Mogiya Aces.
Cash 330,000
Notes receivable 1 870 000
Sales 2 200 000

Cost of goods sold


Finished goods inventory Mogiya Aces

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