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Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Carla Vista Company's books. Carla Vista uses a perpetual inventory
Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Carla Vista Company's books. Carla Vista uses a perpetual inventory system. Mar. 12 13 Carla Vista purchased $17,000 of merchandise from Dalibor Company, terms 2/10,n/30, FOB destination. The correct company paid freight costs of $245. Carla Vista returned $3,800 of the merchandise purchased on March 12 because it was damaged. Carla Vista paid the balance owing to Dalibor. 14 21 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record purchase on account.) (To record purchase return.) (To record payment on account.)
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