Cash 200 4 accounts payable blue 600 merchandise

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Cash 200 4 Accounts payable-Blue 600 Merchandise inventory 600 17 Accounts payable-Blue 3,000 Cash 2,940 Merchandise inventory 60 18 Merchandise inventory 7,500 Accounts payable-Fox 7,500 21 Accounts payable-Fox 2,100 Merchandise inventory 2,100 28 Accounts payable-Fox 5,400 Cash 5,292 Merchandise inventory 108 Worksheet Learning Objective: 05-P1 Analyze and record transactions for merchandise purchases using a perpetual system. Apr. 2 Purchased merchandise from Blue Company under the following terms: $3,600 price, invoice dated April 2, credit terms of 2/15, n/60, and FOB shipping point. 3 Paid $200 for shipping charges on the April 2 purchase.
4 Returned to Blue Company unacceptable merchandise that had an invoice price of $600. 17 Sent a check to Blue Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased merchandise from Fox Corp. under the following terms: $7,500 price, invoice dated April 18, credit terms of 2/10, n/30, and FOB destination. 21 After negotiations, received from Fox a $2,100 allowance on the April 18 purchase. 28 Sent check to Fox paying for the April 18 purchase, net of the discount and allowance. Prepare journal entries to record the above transactions for a retail store. Assume a perpetual inventory system. (Omit the "$" sign in your response.) 200 600

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