Current Attempt in Progress This information relates to Teal Mountain Co. 1. On April 5, purchased...
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Current Attempt in Progress This information relates to Teal Mountain Co. 1. On April 5, purchased merchandise from Sandhill Company for $25,400, terms 2/10, n/30. 2. On April 6, paid freight costs of $660 on merchandise purchased from Sandhill. 3. On April 7, purchased equipment on account for $32,900. 4. On April 8, returned $3,700 of April 5 merchandise to Sandhill Company. 5, On April 15, paid the amount due to Sandhill Company in full. (a) Prepare the journal entries to record the transactions listed above on Teal Mountain Co's books. Teal Mountain Co. uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. Debit Credit Current Attempt in Progress This information relates to Teal Mountain Co. 1. On April 5, purchased merchandise from Sandhill Company for $25,400, terms 2/10, n/30. 2. On April 6, paid freight costs of $660 on merchandise purchased from Sandhill. 3. On April 7, purchased equipment on account for $32,900. 4. On April 8, returned $3,700 of April 5 merchandise to Sandhill Company. 5, On April 15, paid the amount due to Sandhill Company in full. (a) Prepare the journal entries to record the transactions listed above on Teal Mountain Co's books. Teal Mountain Co. uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. Debit Credit
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