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D Nov, 5 Purchased fishing rods and bait on account from Ab-Steel Co. $2,550, terms 2/10,n/60. is 7 Paid freight on Ab-Steel Co. purchases $300.
D Nov, 5 Purchased fishing rods and bait on account from Ab-Steel Co. $2,550, terms 2/10,n/60. is 7 Paid freight on Ab-Steel Co. purchases $300. $9 Received credit from Ab-Steel Co. for merchandise retumed $250., ? 10 Sold merchandise on account for $1,550, terms n/30. N,N.SO ic) 12 Purchased line, reels, and other accessories on account from Streets City Gear $1,500, terms 1/10. n/30. 14 Paid Ab-Steel Co, in full. 17 Received credit from Streets City Gear for merchandise returned $100 20 Made sales on account for $2,330, terms n/30. 21 Paid Streets City Gear in full. 27 Granted credit to customers for gear that did not work properly $500. 30 Received payments on account for $950. Instructions (no color required). Journalize the transactions using a periodic inventory system
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