17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 In-Class Example 1B Prepare the journal entries to record the following purchase transactions in Jarek Company's books. Jarek uses a perpetual inventory system. Mar. 12 Jarek purchased $15,000 of merchandise from Dalibor Company, terms 2/10, n/30. FOB shipping point. 13 The correct company paid freight costs of $155. 14 Jarek returned $3,000 of the merchandise purchased on March 12 because it was h damaged 22 Jarek paid the balance owing to Dalibor.

In-Class Example 1B Prepare the journal entries to record the following purchase transactions in Jarek Company's books. Jarek uses a perpetual inventory system. Mar. 12 Jarek purchased $15,000 of merchandise from Dalibor Company, terms 2/10,n/30. FOB shipping point. 13 The correct company paid freight costs of $155. 14 Jarek retumed $3,000 of the merchandise purchased on March 12 because it was damaged 22 Jarek paid the balance owing to Dalibor