Putter Pilot Supplies is a golf and aviation supply store. Putter Pilot uses perpetual inventory. Use a

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Putter Pilot Supplies is a golf and aviation supply store. Putter Pilot uses perpetual inventory. Use a General Journal to journalize the following four transactions during the month of March:

(a) On March 4th Putter purchases inventory for sale from Plane Stuff Wholesalers for $9,750.00 with terms 1/10, n/30.

(b) On March 5th Putter pays Airborne Transfer $65 for freight-in on the March 4th order.

(c) On March 12th Putter buys an additional $12,985 in inventory from Plane Stuff Wholesalers with terms 1/10, n/30.

(d) On March 22nd Putter pays Plane Stuff Wholesalers the balance due.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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