Buyer Journal Entries Perpetual

$5-4$ Sauk purchased $$3,800$ of Merchandise from PW Audio Supply, Inc. on $5-4,$ terms $2/10,$ n$/30,$ FOB Shipping Point.

$5-6$ Sauk paid Public Carrier $$150$ for freight charges.

$5-8$ Sauk returned $$300$ of defective merchandise to PW$.$

$5-14$ Sauk Paid paid PW the amount owed.

$6-3$ Sauk paid PW the amount owed.

Buyer Journal entries Periodic

$5-4$ Sauk purchased $$3,800$ of Merchandise from PW Audio Supply, Inc. on $5-4,$ terms $\frac{2}{10},\frac{n}{30},$FOB Shipping Point.

$5-6$ Sauk paid Public Carrier $$150$ for freight charges.

$5-8$ Sauk returned $$300$ of defective merchandise to PW$.$

$5-14$ Sauk Paid paid PW the amount owed.

$6-3$ Sauk paid PW the amount owed.

Seller Journal Entries Perpetual

$5-4$ PW sold $$3,800$ of Merchandise Sauk Stereo terms $\frac{2}{10},\frac{n}{30},$ FOB Shipping Point. The cost of PW$\text{'}$s merchandise is $$2,400.$

$5-8$ Sauk returned $$300$ of defective merchandise to PW$.$ The cost of this merchandise was $$140.$

$5-14$ Sauk Paid paid PW the amount owed.

$6-3$ Sauk paid PW the amount owed.