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