December 21

Tools and parts were purchased from Locker and Sons, Inc. at a list price of $8,000.00. Locker extends credit terms of 2/10, n/30. Shipping terms are FOB Shipping Point and the invoice shows an additional charge of $200.00 for freight charges. Be sure to include the freight charges in the Merchandise Inventory account (115).

A check was issued to pay an invoice from Locker and sons, Incorporated. Carefully check the original December 21 invoice for totals, credit terms, and shipping terms before making this final entry for December