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can you please help! Prepare journal entries to record the following transactoons for a retall store. The company uses a perpetual inventory system and the
can you please help! Prepare journal entries to record the following transactoons for a retall store. The company uses a perpetual inventory system and the gross method April: 2 Purchased 56,000 of Berchandise from tyon conpany with credit terms of 2/15, n/69, Involce doted Apel1/2, and F60 shipping polnt: Apri1 3 Paid 5370 cath for shipping charges on the Aprdl 2 purchase. Apri1 4 Returtied to Lyon compamy unacceptable serchandise that had an invoice price of 5650 . Aprl1 17 Sent a check to byon Conpany for the Apri1 2 purchose, net of the discount aod the returned serchandise. April 18 - Purchased 511,309 of Berchandise from Frist Corporation with credit teras of 1/10, n/30, involce dated April 10 , and Fos destination. Apri1 21 After negotiatians over scuffed serchandise, recelved from Frist a s6ed al1owance toward the $11, 30e owed on the Apr11 10 purchase. April 28 Sent check to Frist paydne for the April 18 purehase, net of the allowance and the discount. Journal entry worksheet 4567 Purchased $6,000 of merchandise from tyon Company with credit terms of 2/15, n/60, involce dated April 2, and FOB shipping point. Fotei Enter debith befere credith
can you please help!
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