Afterwards, determine Schmidt Inc on another general journey.
Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 2019: Bushard Company DATE TRANSACTIONS 2019 Peb. 10 Purchased merchandise for $1,300 from Schmidt, Inc., Invoice 1980, terms 3/10, n/30. 13 Received Credit Memorandum 230 from Schmidt, Inc. for damaged merchandise totaling $300 that returned; the goods were purchased on Invoice 1980, dated February 10. 19 Paid amount due to Schmidt, Inc., for Invoice 1980 o February 10, less the return of February 13 and less the cash discount, Check 2010. was Schmidt, Inc. DATE TRANSACTIONS 2019 Feb. 10 Sold merchandise for $1,300 on account to Bushard Company, Invoice 1980, terns 3/10, n/30. 13 Issued Credit Memorandum 230 to Budhard Company for damaged merchandise totaling $300 that was returned; the goods were purchased on Invoice 1980, dated February 10. 19 Received payment from Bunard Company for Invoice 1980 of February 10, less the return of February 13 and less the cash discount, Check 2010. Journalize the transactions above in a general journal for both Bushard Company and Schmidt, Inc. Complete this question by entering your answers in the tabs below. Bushard Company Schmidt Inc Journalize the transactions above in a general Journal for Bushard Company assuming that they use the periodic system. View transaction list Journal entry worksheet Purchased merchandise for $1,300 from Schmidt, Inc., Invoice 1980, terms 3/10, 1/30. Note: Enter debits before credits. General Journal Debit Credit Dato Feb 10, 2019 Record entry Clear entry View general Journal Bushard Schmidt Inc Company Journalize the transactions above in a general journal for Bushard Company assuming that they use the periodic system. View transaction list Journal entry worksheet Sold merchandise for $1,300 on account to Bushard Company, Invoice 1980, terms 3/10, n/30 Note: Enter debits before credits. Date General Journal Debit Credit Feb 10, 2019 Record entry Clear entry View general Journal Bushard Company Schmidt Inc Joumalize the transactions above in a general journal for Schmidt Inc. assuming that they use the periodic system. View transaction list Journal entry worksheet Issued Credit Memorandum 230 to Bushard. Company for damaged merchandise totaling $300 that was returned; the goods were purchased on Involce 1980, dated February 10. Note: Enter debits before credits Date General Journal Debit Credit Feb 13, 2019 Record entry Clear entry View general Journal Busbard Company Schmidt Inc Journalize the transactions above in a general journal for Schmidt Inc, assuming that they use the periodic system. View transaction list Journal entry worksheet 1 2 Received payment from Bushard Company for Invoice 1980 of February 10, less the return of February 13 and less the cash discount, Check 2010. Note Enter debits before credits General Journal Debit Credit Date Feb 19, 2019 Record entry Clear entry View general Journal
