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Chapter 5 273 Problems: Series A PR 5-1A Purchase-related transactions using perpetual i The following selected transactions were completed by Capers Company during October of
Chapter 5 273 Problems: Series A PR 5-1A Purchase-related transactions using perpetual i The following selected transactions were completed by Capers Company during October of the Obj. 2 ENERAL LEDSER current year Oct. 1. Purchased merchandise from UK Imports Co, $14,448, terms FOB destination, n/30 3. Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point, 2/10, n/eom Prepaid freight of $220 was added to the invoice. 4. Purchased merchandise from Taco Co, $13,650, terms FOB destination, 2/10, n/30 6. Issued debit memo to Taco Co. for $4,550 of merchandise returned from purchase on October 4 13. Paid Hoagie Co. for invoice of October 3 14. Paid Taco Co. for invoice of October 4, less debit memo of October 6 19. Purchased merchandise from Veggie Co, $27,300, terms FOB shipping point, n/eom. 19. Paid freight of $400 on October 19 purchase from Veggie Co. 20. Purchased merchandise from Caesar Salad Co., $22,000, terms FOB destination, 1/10, n/30. 30. Paid Caesar Salad Co, for invoice of October 20. 31. Paid UK Imports Co. for invoice of October 1 31. Paid Veggie Co. for invoice of October 19. Instructions Journalize the entries to record the transactions of Capers Company for October. Obj. 2 PR 5-2A Sales-related transactions using perpetual inventory system The following selected transactions were completed by Amsterdam Supply Co., which sells
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