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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

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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 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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