1 Sep1 purchased $7,100 of merchandise inventory from GCN Inc on account 2 Sep2 Paid $235 delivery charges for the Sep1 inventory purchase 3 Sep3 Paid for the Sep1st owing to GCN for the inventory purchased 4 Sep14 purchased $8250 of merchandise inventory from Grandview Inc on account, 3 10, n 30 FOB 5 Sep15 Purchased $6135 of merchandise inventory from Riverlong Ltd paid in cash 6 Sep20 Returned defective products purchased from Grandview with debit memo for $345 7 Sep24 Paid the owing amount to Grandview Inc Please make entries for the above Inventory purchase and payment transactions perpetual

Question

1  Sep1 purchased $7,100 of merchandise inventory from GCN Inc  on account 2  Sep2 Paid $235 delivery charges for the Sep1 inventory purchase  3  Sep3 Paid for the Sep1st owing to GCN for the inventory purchased  4  Sep14 purchased $8250 of merchandise inventory from Grandview Inc  on account, 3 10, n 30 FOB 5  Sep15 Purchased $6135 of merchandise inventory from Riverlong Ltd  paid in cash  6  Sep20 Returned defective products purchased from Grandview with debit memo for $345  7  Sep24 Paid the owing amount to Grandview Inc  Please make entries for the above Inventory purchase and payment transactions perpetual

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Question

1. Sep1 purchased $7,100 of merchandise inventory from GCN Inc. on account 2. Sep2 Paid $235 delivery charges for the Sep1 inventory purchase. 3. Sep3

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