August $1$ Purchased cameras for $$4,100$ plus a freight charge of $$220$ from the Mason Company, Invoice $532,$ dated July

August $6$ Purchased color film for $$505$ from Digital Products, Invoice $989,$ dated August $4,$ net payable in $30$ days.

August $10$ Purchased camera cases for $$955$ from Raven Leathers, Invoice $668,$ dated August $8$ ; terms are $\frac{2}{10},$ n$/30.$

August $15$ Returned defective cameras to Mason Company and received Credit Memorandum $205$ for $$600.$ The cameras were originally purchased on Invoice $532$ of July $29.$

August $20$ Purchased cameras for $$3,725$ plus freight of $$120$ from the Braemer Cameras, Invoice $2093,$ dated August $18$; terms are $\frac{1}{10},\frac{n}{60}$

August $23$ Received Credit Memorandum $597$ for $$90$ from Raven Leathers. The amount is an allowance for slightly damaged but usable goods purchased on Invoice $668$ of August $8.$

Prepare journal entries to record the above transactions assuming the company uses the periodic inventory system to keep track of its inventory.

View transaction list

Journal entry worksheet

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Purchased cameras for $$4,100$ plus a freight charge of $$220$ from the Mason Company, Invoice $532,$ dated July $29,$ net payable in $60$ days.

Note: Enter debits before credits.

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