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Complete Journal Entries for the following transactions. 2-Jun Purchased merchandise for $5,000, invoice dated June 2, credit terms of 2/15, n/60, and FOB shipping point.
Complete Journal Entries for the following transactions. |
2-Jun | Purchased merchandise for $5,000, invoice dated June 2, credit terms of 2/15, n/60, and FOB shipping point. |
2-Jun | Paid $150 for shipping charges on the June 2 purchase. |
3-Jun | Returned merchandise for damaged merchandise that was invoiced at $500. |
10-Jun | Purchased merchandise for $6,500 under credit terms of 1/10, n30, FOB destination, invoice date June 10th. |
17-Jun | Paid for the purchase of June 2nd merchandise. |
18-Jun | Purchased merchandise under the following terms: $7, 000, invoice date June 18th, credit terms of 2/10, n/30 and FOB destination. |
19-Jun | Received an allowance on the June 18th purchase of $ 750. |
20-Jun | Paid for June 10th purchase. |
28-Jun | Paid for June 18th purchase. |
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