15 0333.57 Journalize each of the following transactions assuming a perpetual inventory system (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Feb. 1 Purchased $16,600 of merchandise inventory, teres 3/10, n/30. 5 Purchased for cash $7,888 of merchandise inventory. 6 Purchased $21,600 of merchandise inventory; terms 1/15, n/45. 9 Purchased $1,700 of office supplies; teres n/15. 10 Contacted a major supplier to place an order for $160,000 of merchandise in exchange for a 20% trade discount to be shipped on April 1 FOB destination. 11 Paid for the merchandise purchased on February 1. 24 Paid for the office supplies purchased on February 3 Har 23 Paid for the February 6 purchase. View transaction st 100% 0 10 Mc Graw Journal entry worksheet Record the entry for placing of an order for $160,000 of merchandise in exchange of 20% trade discount to be shipped on April 1 FOB destination. < Prev 15 of 23 Next >>