Stan “The Computer Man” sells computer software. The following transactions occurred during April of this year. 4/7

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answerhappygod
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Stan “The Computer Man” sells computer software. The following transactions occurred during April of this year. 4/7

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Stan “The Computer Man” sells computer software. Thefollowing transactions occurred during April of this year.
4/7 The company purchased $6,100of merchandise from Commerce Corporation with terms of 1/10, n/30, FOB shipping point, invoice datedApril 7.
4/9 The company paid $620 cash forfreight charges on the merchandise purchased on April 7.
4/17 The company paid Commerce Corporation forthe invoice dated April 7, net of the discount.
4/26 The company purchased $9,800 ofmerchandise from Chauncy Corporation with terms of 2/15, n/45, FOB destination, invoice dated April26.
4/30 The company returned merchandise toChauncy Corporation from the purchase of 4/26. The cost of thereturned merchandise was $800.
5/3 The company paid ChauncyCorporation for the balance due, net of the cash discount, less thereturn on April 20.
5/8 The company purchased $2,830of computer supplies from Harris Office Products on credit withterms of n/30, FOB destination, invoice dated May 8.
5/30 Paid the amount due to Harris OfficeProducts.
Prepare all required journal entries for the abovetransactions.
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