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ACCT 201.B : Financial Accounting Homework: HW-6 Sa Score: 0 of 1 pt 2 of 2 (1 complete) > HW Score: 0.67%, 0.01 of P5B-39A

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ACCT 201.B : Financial Accounting Homework: HW-6 Sa Score: 0 of 1 pt 2 of 2 (1 complete) > HW Score: 0.67%, 0.01 of P5B-39A (similar to) Question Help Journalize the following transactions that occurred in March 2018 for Dudley Company. Assume Dudley uses the periodic inventory system. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Dudley estimates sales returns at the end of each month. (Record debits first then credits. Exclude explanations from joumal entries. Assume the company records sales at the net amount.) (Click the icon to view the transactions.) Mar. 3: Purchased merchandise inventory on account from Sherry Wholesalers, $7,500. Terms 2/15, n/EOM, FOB shipping point Date Accounts Debit Credit Mar. 3 Choose from a lot or enter any number in the input de and the Ches 14 parts CA -39A (similar to) Question Help i More Info ad Og Mal Purchased merchandise inventory on account from Sherry Wholesalers, $7,500. Mar. 3 Terms 2/15, n/EOM, FOB shipping point. Mar. 4 Paid freight bill of $65 on March 3 purchase. Mar. 4 Purchase merchandise inventory for cash of $1,600. Mar. 6 Returned $1,100 of inventory from March 3 purchase. Sold merchandise inventory to Harvey Company, $4,600, on account. Terms 3/15, Mar. 8 n/35. Purchased merchandise inventory on account from Tarin Wholesalers, $5,300. Mar. 9 Terms 3/10,n/30, FOB destination. Made payment to Sherry Wholesalers for goods purchased on March 3, less return Mar. 10 and discount Mar. 12 Received payment from Harvey Company, less discount Mar. 13 After negotiations, received a $200 allowance from Tarin Wholesalers Mar. 15 Sold merchandise inventory to Julian Company, $2,100, on account. Terms n/EOM. Made payment, less allowance, to Tarin Wholesalers for goods purchased on Mar. 22 March 9. Mar. 23 Julian Company returned $800 of the merchandise sold on March 15. Sold merchandise inventory to Sciavone for $1.400 on account. Terms of 1/10 Mar. 25 1/30 was offered, FOB shipping point Mnr. 29 Rocolved payment from Sclavone, les discount Mar. 30 Received payment from Julian Company, less ratum Print Done Chol Chook Arawer 14 remaining

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