- Stan The Computer Man Sells Computer Software The Following Transactions Occurred During April Of This Year 4 7 4 9 1 (21.52 KiB) Viewed 12 times
Stan "The Computer Man" sells computer software. The following transactions occurred during April of this year, 4/7 4/9 4/17 4/26 The
company purchased $9,800 of merchandise from Chauncy Corporation with terms of 2/15, n/45, FOB destination, involce dated April 26. 4/30 The
company returned merchandise to Chauncy Corporation from the purchase of 4/26. The cost of the returned merchandise was $800. The
company purchased $6,100 of merchandise from Commerce Corporation with terms of 1/10, n/30, FOB shipping point, invoice dated April 7. 5/3 5/8 The
company paid $620 cash for freight charges on the merchandise purchased on April 7. The
company paid Commerce Corporation for the invoice dated April 7, net of the discount. The
company paid Chauncy Corporation for the balance due, net of the cash discount, less the return on April 20. The
company purchased $2,830 of computer supplies from Harris Office Products on credit with terms of n/30, FOB destination, invoice dated May & 5/30 Paid the amount due to Harris Office Products. Prepare all required journal entries for the above transactions.