Journal Entries for Purchase, Return, and Remittance-Periodic System On March 10, Home Company purchased $21,000 worth o

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Journal Entries For Purchase Return And Remittance Periodic System On March 10 Home Company Purchased 21 000 Worth O 1 (18.75 KiB) Viewed 8 times

Journal Entries for Purchase, Return, and Remittance-Periodic System On March 10, Home Company purchased $21,000 worth of merchandise from James Company, terms 1/10, 1/30. On March 12, Horne paid $300 freight on the shipment. On March 15, Home returned $300 of merchandise for credit. Final payment was made to james on March 19. Horne Company uses the periodic inventory system Required Prepare the journal entries that Home should make on March 10, March 12, March 15, and March 19. GENERAL JOURNAL Description Date Mar. 10 12 15 Purchase of merchandise from James Company terms 1/10, 30 Paid height on James Com Returned goods to james Company Cash Paid james Company amount due # 4 2 Debit Credit