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Create journal entries on your separate template to be submitted at the end of the exam for each of the following transactions for Ace Furniture
Create journal entries on your separate template to be submitted at the end of the exam for each of the following transactions for Ace Furniture on your separate template. Apr 1 Ace Furniture purchased 25 lamps @ \$30/each from DC Electric on credit with terms 2/10n/30 and shipping is $100 FOB shipping point cash Apr 2 Ace returned 2 lamps it just purchased from DC Electric due to defects Apr 3 Ace sold 25 lamps to Pete for $85/ each on credit terms: 1/15 n/30 Apr 7 Ace pays DC Electric cash for its Apr 1 purchase
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