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Current Attempt in Progress Information related to Sarasota Co. is presented below. 1. 2. 3. 4. 5. (a) On April 5, purchased merchandise on account
Current Attempt in Progress Information related to Sarasota Co. is presented below. 1. 2. 3. 4. 5. (a) On April 5, purchased merchandise on account from Splish Brothers Company for $28,800, terms 3/10, net/30, FOB shipping point. Prepare the journal entries to record these transactions on the books of Sarasota Co. under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. On April 6, paid freight costs of $810 on merchandise purchased from Splish Brothers. On April 7, purchased equipment on account for $45,800. On April 8, returned $5,300 of merchandise to Splish Brothers Company. On April 15, paid the amount due to Splish Brothers Company in full. No. 2. Date Account Titles and Explanation Debit 140 Credit
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