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QA2 QA 3 QA 4 QA 5 QA 6 QA 7 A 1 2 w You must record your answer in the space below the question on this page. Answers recorded elsewhere will not be marked. QUESTION 6 16 MARKS 3 Overseas Flowervase (OF) had the following transactions in May of 2020. 6 7 9 May/01 Purchased 17 Turkish vases for $90 each on credit from Only Turkish (OT), terms 2/10,n/30, DDP buyer's warehouse. May/05 Sold 11 vases to Turkish Antiques (TA) for $130 each on account, terms 4/10, n/30, DDP buyer's warehouse. Paid freight cost of $90. Turkish Antiques returned 2 vases. The vases were not defective and were . May/08 returned to stock. May/10 Paid the supplier OT the amount owed for the 1 May purchase. Received payment from Turkish Antiques (TA) for the amount due on 5 May 12 May/13 sale. 13 14 Required: Using Perpetual Inventory System. Prepare the genearl journal entries to record above transactions. Narrations are not required.Ignore GST. 15 10 18 Record YOUR ANSWER (below) 19 20 21 22 23 26Step by Step Solution
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