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Accounting questions 31. Slater Supply uses a periodic inventory system During May, the following tra tons and Slater has the following chart of accounts Cash,

Accounting questions

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31. Slater Supply uses a periodic inventory system During May, the following tra tons and Slater has the following chart of accounts Cash, Accounts Receivable, In tory &Allonwtces ts Payable, Slater Supply ,Purchases Sold, Freight Out, Salary Freight In, Sales, Sal a s& Expense Allowaces, Sales Cood G s 13 Purchased 6 motors for a total cost of$300 from Nen Company, terms 2/10,N/30 16 Returned 1 defective motor for $50 to Nen and cost the seller $30 ay The motors cost Nen Company S180. ay 22 Paid Nen Company in full. Instructions: Journalize the May transactions for Slater Supply, You may omit explanations Credit Date Debit Account Name Version 2 Page 6

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