2 Assignments 3 1) 1-Aug Purchased Inventory from John's company for $24,000, terms: 1/15, 1/30 FOB 72) 8 9 2-Aug Business sold merchandise Inventory to MicroUniverse Co. for $4,800, terms: 2/10, 1/60 FOS The merchandise had cost $3,000 3-Aug Pald 5200 for freight charges on the purchase of Augi, 2020 B-Aug Sold merchandise costing 57,200 for $32,000 cash 9-Aug Purchased Inventory from Khan Co. For $9.200, terms: 2/15, 1/60 12-Aug Received a $1,200 credit memo acknowledging the return of merchandise purchased on Aug. 12-Aug Received balance due from MicroUniverse Co. for the credit sales dated Aug2. 13-Aug Purchased office supplies from West Inc. on account, $1.000, 1/30 19 255) 26 27 206) 29 317) 32 36 378) 38 39 409) 41 44 45 10) 46 31 52 11) 53 56 121 37 58 131 59 2 16-Aug Paid the balance due to John's company 19 Aug Sold merchandise that cost $3,600 to UltraCity Co, for $5,000 under the credit terms of 2/15, 1/60, FOR 21 Aug issued a $600 credit memo to UltraCity Co. for an allowance on goods sold on Aug 19, 2020 22 Aug Received a debit memo from UltraCity Co. for an error that overstated the total invoice by 5200 24 Aug Paid Khan Co the balance due 30-Aug Received the balance due from Ultracity for the credit sales dated on Aug19 14 7 15) 31 Aug Sold inventory costing 53.200 to MicroUniverse Co. for $9.000 under the trdit terms of 2/10, 1/60. FOB 2 Assignments 3 1) 1-Aug Purchased Inventory from John's company for $24,000, terms: 1/15, 1/30 FOB 72) 8 9 2-Aug Business sold merchandise Inventory to MicroUniverse Co. for $4,800, terms: 2/10, 1/60 FOS The merchandise had cost $3,000 3-Aug Pald 5200 for freight charges on the purchase of Augi, 2020 B-Aug Sold merchandise costing 57,200 for $32,000 cash 9-Aug Purchased Inventory from Khan Co. For $9.200, terms: 2/15, 1/60 12-Aug Received a $1,200 credit memo acknowledging the return of merchandise purchased on Aug. 12-Aug Received balance due from MicroUniverse Co. for the credit sales dated Aug2. 13-Aug Purchased office supplies from West Inc. on account, $1.000, 1/30 19 255) 26 27 206) 29 317) 32 36 378) 38 39 409) 41 44 45 10) 46 31 52 11) 53 56 121 37 58 131 59 2 16-Aug Paid the balance due to John's company 19 Aug Sold merchandise that cost $3,600 to UltraCity Co, for $5,000 under the credit terms of 2/15, 1/60, FOR 21 Aug issued a $600 credit memo to UltraCity Co. for an allowance on goods sold on Aug 19, 2020 22 Aug Received a debit memo from UltraCity Co. for an error that overstated the total invoice by 5200 24 Aug Paid Khan Co the balance due 30-Aug Received the balance due from Ultracity for the credit sales dated on Aug19 14 7 15) 31 Aug Sold inventory costing 53.200 to MicroUniverse Co. for $9.000 under the trdit terms of 2/10, 1/60. FOB