Chapter $6$ problem $2$

inventory costing $$2,000.$ If more than one debit or credit is needed, list in alphabetical order.

May $2-$ Purchased bikes from Bikers R Us Wholesale for $$24000,$ terms $\frac{1}{10},\frac{n}{30},$ FOB Shipping Point.

May $3-$ Pays cash for frieght costs of $$700$ on bikes purchased from BRU on May $2.$

$\backslash$table$[[$Date$,$A$,L,$SE$,R,E,$NI$,$CF$,$Account,DR$,$CR$],[3-$May,$700\mathrm{.}00,,,,,,-OA,$Inventory,$700\mathrm{.}00,],[,(700\mathrm{.}00),,,,,,,$Cash,,$700\mathrm{.}00]]$

May $5-$ Returns bikes with a cost of $$2400$ to BRU because part of the order is incorrect.

$\backslash$table$[[$Date$,$A$,L,$S$2,R,B,$NI$,$CF$,$Account,DR$,$CR$],[5-$May,$(2,400\mathrm{.}00),(2,400,00),,,,,,$Accounts Payable,$2,400,00,],[,,,,,,,,$Inventory,,$2,400,00$