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Check my work Exercise 8.4 (Algo) Recording purchases with purchases discounts. LO 8-1 Required: Record the following transactions of J. Min Designs in a general
Check my work Exercise 8.4 (Algo) Recording purchases with purchases discounts. LO 8-1 Required: Record the following transactions of J. Min Designs in a general journal: DATE TRANSACTIONS 20X1 April 1 9 15 Purchased merchandise on credit from O'Rourke Fabricators, Invoice 885, $3,000, terms 3/10, n/30; freight of $90 prepaid by O'Rourke Fabricators and added to the invoice (total invoice amount, $3,090) Paid amount due to O'Rourke Fabricators for the purchase of April 1, less the 3 percent discount, Check 457. Purchased merchandise on credit from Kroll Company, Invoice 145, $1,750, terms 3/10, n/30; freight of $125 prepaid by Kroll and added to the invoice. Returned damaged merchandise purchased on April 15 from Kroll Company: received Credit Memorandum 332 for $50. Paid the amount due to Kroll Company for the purchase of April 15, less the return on April 17, taking the 3 percent discount, Check 470. 17 24 View transaction list Journal entry worksheet 1 2 3 4 5 Purchased merchandise on credit from O'Rourke Fabricators, Invoice 885, $3,000, terms 3/10, n/30; freight of $90 added paid by O'Rourke Fabricators and added to Note: Enter debits before credits General Journal Debit Credit Date Apr 01, 20X1 Record entry Clear entry View general journal View transaction list Journal entry worksheet Paid amount due to O'Rourke Fabricators for the purchase of April 1, less the 3 percent discount Check 457 Note: Enter debits before credits. General Journal Debit Credit Date Apr 09,20x1 Record entry Clear entry View general journal 5 View transaction list Journal entry worksheet Purchased merchandise on credit from Kroll Company, Invoice 145, $1,750, terms 3/10, n/30; freight of $125 prepaid by Kroll and added to the invoice. Note: Enter debits before credits. General Journal Debit Credit Date Apr 15, 20X1 Record entry Clear entry View general journal 27 April 17, taking the 3 percent discount, Check 470. View transaction list Journal entry worksheet
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