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1 of 43 -115 Sandhill Stores is a new company that started operations on March 1, 2021. The company decided to use perpetry system. The
1 of 43 -115 Sandhill Stores is a new company that started operations on March 1, 2021. The company decided to use perpetry system. The following purchase transactions occurred in Marche Mar. Sandhill Stores purchases $8.800 of merchandise for resale from Oct on Wholesalers, terms 2/10,30, FOB shipping 1 point 2 The correct company pays $175 for the shipping charges a Sandhill returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Octagon gives Sandha $1,100 credit on its account 21 Sandhill Stores purchases an additional $13.500 of merchandise for resale from Octagon Wholesalers, terms 2/10, 1/30, FOB destination 22 The correct company pays $165 for freight charges. Sandhill returns $450 of the merchandise purchased on March 21 because it was damaged. Octagon gives Sandhilla $450 23 credit on its account. 30 Sandhill paid Octagon the amount owing for the merchandise purchased on March 1. 31 Sandhill paid Octagon the amount owing for the merchandise purchased on March 21. Prepare Sandhill Stores journal entries to record the above transactions. (Credit account titles are automatically indented when
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