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CALCULATOR PUNT VOOR TRACK NEXT Excercise 5 05 On June 10, Metlock Company purchased 56,300 of merchandise from Ivanhoe Company, on account, terms 3/10, 13,

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CALCULATOR PUNT VOOR TRACK NEXT Excercise 5 05 On June 10, Metlock Company purchased 56,300 of merchandise from Ivanhoe Company, on account, terms 3/10, 13, Metlock pay the freight costs of 1990 June 11. Goods totalino $200 are returned to Ivanhoe for credit on June 12. June 19, Matlock Company pays Ivanhoe Company in full, less the purchase discount, Both companies or a perpetual inventory system Prepare separate entries for each transaction on the book of Metlock Company. (If no entry is pequent select "No Entry" for the account to enter for the amounts, credit account titles are automatically indested when amount is entered. Do not Indent manually. Record Journal entries in the order presented as the problem.) Date Monies and Explanation Debit Credit

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