answer journal entries

Prepare journal entries to record the following transactions of Recycled Fashion retail store Recycled Fashion utes a perpetual Inventory system and the gross method March ) Purchased 51,350 of merchandise from Green Congry with credit terms of 2/15, 16, Invoice dated March 3, and on shoping point March 4 Paid 500 cash for shipping charges on the Marcs purchase March 5 leturned to Greenila unacceptable merchandise that we price of $100. March 11 Pald Greer orld for the Mare purchase, net of the discount and the returned merchandise March 19 Purchase 5015 of merchandise from Pesolairst Corporation with credit ters of 1/10, N3, invoice dated March 19, and FOB destination March 21 After negotiations, received from PeopleFirst 515 allowance for scuffed merchandise toward the 1815 wd on the arch 19 purchase March 29 sent check to People irst paying for the March 19 purchase, net of the allowance and the discount. View fraction lit Journal entry worksheet 1 2 5 7 > Purchased $1,350 of merchandise from Green World Company with credit terms of 2/15, 1/60, Invoice dated March 3, and FOB shipping point Dlate Mar 03 Debit Berry CH Prepare journal entries to record the following transactions of Recycled Fashion retail store Recycled Fashion uses perpetual Inventory system and the gross method Para 3 Purchased 51,358 of merchandise from Greer Company with credit tees of 2/15, 1/6, invece dated March 3, and 108 shipping point March 4 Paid 180 cash for shipping charges on the Merch purchase March 5 Returned to record unacceptable merchandise that had an invoice price of $100 March 18 Paid Grenoid for the March 3 purchase, net of the discount and the returned merchandise March 19 Purchased $815 of merchandise from Peoplefist Corporation with credit teres of 1/10, 1/30, invoice dated arch 29, FOB destination March 21 Mter negotiations, received from peopleFirsta 535 allowance (for scuffed merchandise) toward the sound on the March 19 purchase March 29 Sent check to PeopleFirst paying for the March 19 purchase, net of the allowance and the discount. View transactional Journal entry worksheet 1 3. 5 5 4 6 7 Paid S80 cash for shipping charges on the March 3 purchase Date Mar 04 General Journal Cinda Red View Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual inventory system and the gross method March ) Purchased $1,150 of merchandise from Greer Company with creast terms of 2/35, 1/60, veice duted arch 3, no Shipping point March 4 Paid 580 cash for shipping charges on the rock purchase March 5 Returned to record acceptable merchandise that had a wote price of $100 March 16 Paid Greeniorld for the March 3 purchase, nt of the discount and the returned the March 19 Purchased $315 of merchandise fronteirst Corporation with credit terms of 1/10, 9, o doted March 19, and FOB destination March 21 After negotiation, received from people sta 15 ace (for sufferchandise) to the other 19 purchase March 29 Sent check to PeopleFirst paying for the case of the allocant the discount Vw ramacions Journal entry worksheet 4 5 6 7 Returned to Green World una comptable merchandise that had an invoice price of 5100 General or Credit Mer 06 Verw eder Prepare journal entries to record the following transactions of Recycled Fashion retail store Recycled Fashion uses a perpetual Inventory system and the gross method March 3 Purchased 51,350 of merchandise from Greenworld Company with credit terms of 2/15, 1/6, Invoice dated March, and on shipping point. March 4 paid $80 cash for shipping charges on the March 3 purchase March 5 Returned to Greenworld unacceptable merchandise that had an invoice price of $100 March 18 Pald Greenworld for the March 3 purchase, net of the discount and the returned merchandise March 19 Purchased $815 of merchandise from PeopleFirst Corporation with credit terms of 1/10, 130, Invoice dated March 19, and FOB destination March 21 After negotiations, received from Peoplefirst $15 allowance for scuffed merchandise) toward the $815 owed on the rurch 19 purchase March 20 Sent check to People irst paying for the arch 19 purchase, net of the allowance and the discount. View transaction lit Journal entry worksheet