Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 20Xt: Bushard Company DATE TRANSACTIONS 20x1 Feb. 1e Purchased merchandise for $2,789 from Schmidt, Inc., Invoice 1989, terns 1/18, n/3e. 13 Received Credit Memorandum 238 from Schmidt, Inc., for damaged merchandise totaling $2ee that was returned; the goods were purchased on Invoice 1988, dated February 10. 19 Paid amount due to Schmidt, Inc., for Invoice 1980 of February 10, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc. DATE TRANSACTIONS 2ex1 Feb.10 Sold merchandise for $2,780 on account to Bushard Company, Invoice 1988, terns 1/10, n/30. 13 Issued Credit Menorandum 230 to Bushard Company for damaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1988, dated February 10. 19 Received payment from Bushard Company for Invoice 1982 of February 10, less the return of February 13 and less the cash discount, Check 2010. Required: Joumalize 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. Schmidt Inc Buchard Company Joumalize the transactions above in a general journal for Bushard Company assuming that they use the periodic system. View transaction Mat Journal entry worksheet 2 3 1 2 Purchased merchandise for $2,700 from Schmidt, Inc., Invoice 1980, terms 1/10, n/30. Note: Enter debits before credits. General Journal Debit Credit Date Feb 10, 20X1 Record entry Clear entry View general Journal ( Bushard Company Schmidt Inc > Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 20X1: Bushard Company DATE TRANSACTIONS 2exi Feb. 1e Purchased merchandise for $2,789 from Schmidt, Inc., Invoice 1982, terns 1/10, n/3e. 13 Received Credit Memorandum 238 from Schmidt, Inc., for damaged merchandise totaling $2ee that was returned; the goods were purchased on Invoice 1988, dated February 10. 19 Paid amount due to Schmidt, Inc., for Invoice 1920 of February 18, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc. DATE TRANSACTIONS 2exi Feb.10 Sold merchandise for $2,782 on account to Bushard Company, Invoice 1988, terms 1/10, n/38. 13 Issued Credit Memorandum 230 to Bushard Company for damaged merchandise totaling $288 that was returned; the goods were purchased on Invoice 1988, dated February 10. 19 Received payment from Bushard Company for Invoice 1982 of February 18, less the return of February 13 and less the cash discount, Check 2010. Required: Joumalize 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. Busharu Company Schmidt Inc Joumalize the transactions above in a general journal for Bushard Company assuming that they use the periodic system. View transaction et Journal entry worksheet Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 20X1: Bushard Company DATE TRANSACTIONS 20x1 Feb.10 Purchased merchandise for $2,789 from Schmidt, Inc., Invoice 1982, terns 1/10, n/30. 13 Received Credit Memorandum 238 from Schmidt, Inc., for damaged merchandise totaling $2ee that was returned; the goods were purchased on Invoice 1988, dated February 10. 19 Paid amount due to Schmidt, Inc., for Invoice 1998 of February 19, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc. DATE TRANSACTIONS 2ext Feb. 10 Sold merchandise for $2,782 on account to Bushard Company, Invoice 1988, terns 1/10, n/38. 13 Issued Credit Memorandum 230 to Bushard Company for danaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1988, dated February 10. 19 Received payment from Bushard Company for Invoice 1989 of February 10, less the return of February 13 and less the cash discount, Check 2010. Required: Joumalize 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 2 3 Paid amount due to Schmidt, Inc., 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, 20X1 Record entry Clear entry View general Journal ( Bushard Company Schmidt Inc > Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 20X1: Bushard Company DATE TRANSACTIONS 2ext Feb.10 Purchased merchandise for $2,789 from Schmidt, Inc., Invoice 1980, terns 1/10, n/30. 13 Received Credit Memorandum 238 fron Schmidt, Inc., for damaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1988, dated February 10. 19 Paid amount due to Schmidt, Inc., for Invoice 1998 of February 19, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc. DATE TRANSACTIONS 2ext Feb. 10 Sold merchandise for $2,780 on account to Bushard Company, Invoice 1988, terns 1/10, n/30. 13 Issued Credit Menorandum 230 to Bushard Company for damaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1980, dated February 10. 19 Received payment from Bushard Company for Invoice 1989 of February 10, less the return of February 13 and less the cash discount, Check 2010. Required: Joumalize 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. Bus hard 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 3 Sold merchandise for $2,700 on account to Bushard Company, Invoice 1980, terms 1/10, n/30. Note: Enter debits before credits General Journal Debit Credit Date Feb 10. 20X1 Record entry Clear entry View general Journal { Bus hard Company Schmidt Inc Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 20X1: Bushard Company DATE TRANSACTIONS 20x1 Feb. 1e Purchased merchandise for $2,700 from Schmidt, Inc., Invoice 1982, terns 1/10, n/30. 13 Received Credit Memorandum 238 from Schmidt, Inc., for damaged merchandise totaling $2ee that was returned; the goods were purchased on Invoice 1988, dated February 10. 19 Paid amount due to Schmidt, Inc., for Invoice 1992 of February 10, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc. DATE TRANSACTIONS 2exi Feb.10 Sold merchandise for $2,782 on account to Bushard Company, Invoice 1998, terns 1/10, n/38. 13 Issued Credit Menorandum 230 to Bushard Company for damaged merchandise totaling $288 that was returned; the goods were purchased on Invoice 1988, dated February 10. 19 Received payment from Bushard Company for Invoice 1989 of February 10, less the return of February 13 and less the cash discount, Check 2012. Required: Joumalize 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. Buchard Schmidt Inc Company Joumalize the transactions above in a general journal for Schmidt Inc. assuming that they use the periodic system. View transactions Journal entry worksheet