Answer Happy

Journalize each of the following transactions assuming a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Feb. 1 Purchased $17,900 of merchandise inventory; terms 1/10, 1/30. 5 Purchased for cash $9,100 of merchandise inventory. 6 Purchased $22,900 of merchandise inventory; terms 2/15, n/45. 9 Purchased $2,350 of office supplies; terms n/15. 10 Contacted a major supplier to place an order for $290,000 of merchandise in exchange for a 30% trade discount to be shipped on April 1 FOB destination. 11 Paid for the merchandise purchased on February 1. 24 Paid for the office supplies purchased on February 9. Mar.23 Paid for the February 6 purchase. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Record purchase of merchandise for $17,900; terms 1/10, n/30. V