Hegge Company uses the periodic inventory system. Journalize the following entries for April, assuming Hegge Company uses
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6 Purchased $ 15,100 in direct materials from Kunzman Wholesale; terms 1 15, n 30, FOB shipping point.
9 Paid Carper Transit $ 250 freight charges on the purchase of April 6.
12 Returned $ 1,400 gross price of direct materials from the April 6 purchase to Kunzman Wholesale because the items were the wrong model.
30 Paid Kunzman Wholesale the amount due.
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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