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3 of 36 View Policies Current Attempt in Progress This information relates to Flint Corporation. 1. 2. 3. 4. 5. On April 5, purchased merchandise

3 of 36 View Policies Current Attempt in Progress This information relates to Flint Corporation. 1. 2. 3. 4. 5. On April 5, purchased merchandise from Pina Colada Inc. for $27,200, terms 2/10, n/30. On April 6, paid freight costs of $1,100 on merchandise purchased from Pina Colada. On April 7, purchased equipment on account for $29,200. On April 8, returned some of April 5 merchandise to Pina Colada that cost $3,900. On April 15, paid the amount due to Pina Colada in full. Flint uses a perpetual inventory system. 9/- Prepare the journal entries to record the transactions listed above on the books of Flint Corporation. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to the nearest whole dollar, eg. 5,725. List all debit entries before credit entries.) Date Apr. 5 Account Titles and Explanation > Inventory Accounts Payable List of Accounts. Question Part Score Debit Credi --/4 Assume that Flint Corporation paid the balance due to Pina Colada Inc. on May 4 instead of April 15. Prepare the journal entry to record this payment. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)image text in transcribed

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