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2) The following purchasing and sales transactions happened for Hamilton Inc in the month of April: Apr 2 Purchased merchandise on account for Kai Supply
2) The following purchasing and sales transactions happened for Hamilton Inc in the month of April: Apr 2 Purchased merchandise on account for Kai Supply for $8,900. Terms were 1/15, n/30 FOB shipping Point Apr 3 The appropriate party paid $100 freight on the April 2 purchases Apr 6 Sold $11,600 of merchandise on account to Kananaskis Supply, terms 1/10, n/30 FOB destination. The cost of the merchandise was $7,200 Apr 6 The appropriate party paid $350 cash for the Apr 6 transaction. Apr 7 Issued a $580 credit for merchandise for merchandise that was returned by Kananaskis Supply. The merchandise originally cost $360 and was returned To inventory Apr 10 Paid Kai Supply in full Apr 14 Purchased merchandise for $6,100 cash Apr 15 Received the balance owed from Kananaskis Supply Apr 16 Received a $500 refund for merchandise that was returned to the supplier In the April 14 cash purchase Apr 17 Purchased merchandise from Pigeon Distributors Limited for $4,200 terms Were 1/10 n/30 FOB destination Apr 20 Appropriate party paid $125 for freight on the April 17th transaction Apr 21 Received a $300 credit for merchandise returned to Pigeon Distributors Apr 23 Sold merchandise for $6,400 cash. The cost of the merchandise was $5,200 Apr 27 Paid Pigeon Distributor in full Journalize all transactions
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