Drug Store and second on the books of Warner Pharmaceuticals 1 More Info - X payments. Record Oct 6 Elias & Myers purchased $72,000 of merchandise from Warner on credit terms of 1/10,n/30, FOB shipping point. Separately, Elias & Myers paid a $1,800 bill for freight in Warner invoiced Elias & Myers for $72,000 (these goods cost Warner $43,200). 10 Elias & Myers returned $5,000 of the merchandise purchased on October 6. Warner issued a credit memo for this amount and returned the goods to inventory (cost, $3,000). 15 Elias & Myers paid $28.800 of the invoice amount owed to Warner for the October 6 purchase. Warner allows its customers to take the cash discount on partial payments. 27 Elias & Myers paid the remaining amount owed to Warner for the October 6 purchase wed Print Done Debit Credit o The following transactions occurred between Warner Pharmaceuticals and Elas & Myers's Drug Store during October of the current year Both companies the perpetual inventory system Click the icon to view the transactions.) Required Journalize these transactions, first on the books of Eles & Myers Drug Store and second on the books of Warner Pharmaceuticals First, let's prepare the entries for Ellas & Myers Drug Stores October 6. Elias & Myers purchased 572,000 of merchandise from Warner en credit forms of 1/10/30 FOB shipping point. Separately. Elas & Myers paid 51.800 bal for freight in Wamar no ced Elias 8 Myers for $72.000 these goods cost Wamer $43 200). Record the October 6 purchase on account. We will record each element of this transaction separately (Record debits first, then credits Exclude explanations from journal entries) Journal Entry Date Accounts Debit Credit Oct 6 Journalize these transactions, first on the books of Ellas & Myers Drug Store and second on the books of Warner Pharmaceuticals Journal Entry Date Accounts Debit Credit Oct October 10. Els & Myers returned $5.000 of the merchandise purchased on October 6. Wame issued a credit mome for this amount and returned the goods to inventory cost $3000) Record the return of merchandise Journal Entry Date Accounts Debit Credit 10 Od October 15 Els & Myers paid 528 800 of the invece amount owed to Warner for the Odober purchase. Wameros customers to take the cash discount on pusat payments Recent Journal Cry Date Accounts Debt Credit Oct 15 October 27 Eles & Myers paid the remaining amount owed to Water for the October purchase Journal Entry Date Accounts De Credit Oct 27 Now we will record the entries of Wamer Pharmaceuticals October 6 Elias & Myers purchased 572,000 of merchandise from Warmer on credit terms of 1/10/30 FOB shipping point Separately. Elias & Myers paid a 51,300 bal for freight in Wamer invoiced Elas & Myers for 72.000 (these goods cost Wamer 543 200). We will record each event in this transaction separately Begin with recording the sale on account Journal Entry Date Accounts Debit Credit Oct Record the cost of goods sold for the October 6 sale on account Journal Entry Date Accounts Debit Credit Oct 6 October 10. Elas & Myers returned 55.000 of the merchandise purchased on October Womersed a credit momo for this amount and returned the goods to inventory 51.0001 Awarecordement of transaction separately Journalze the sale portion of the merchandiseretur Journal Entry Date Accounts Debit Credit Oct 10 Joumalize these transactions, flest on the books of Elias & Myers Drug Store and second on the books of Wamer Pharmaceuticals Record the cost of goods sold portion of the merchandise rebum from October 10 Journal Entry Date Accounts Debe Credit Oct 10 October 15. Eles & Myers paid 528.800 of the invoice antount owed to Wamer for the October 6 purchase Womer lows its customers to take the cash discount on para pements Record the rest of cash on account Journal Entry Accounts De Debt Credit Oct 15 October 27. Ellas & Myers paid the remaining amount owed to Warer for the October 6 purchase. Record the receipt of the remaining balance Journal Entry Accounts Debit Credit Date Oct 27 Choose from any list or enter any number in the input fields and then continue to the next question Drug Store and second on the books of Warner Pharmaceuticals 1 More Info - X payments. Record Oct 6 Elias & Myers purchased $72,000 of merchandise from Warner on credit terms of 1/10,n/30, FOB shipping point. Separately, Elias & Myers paid a $1,800 bill for freight in Warner invoiced Elias & Myers for $72,000 (these goods cost Warner $43,200). 10 Elias & Myers returned $5,000 of the merchandise purchased on October 6. Warner issued a credit memo for this amount and returned the goods to inventory (cost, $3,000). 15 Elias & Myers paid $28.800 of the invoice amount owed to Warner for the October 6 purchase. Warner allows its customers to take the cash discount on partial payments. 27 Elias & Myers paid the remaining amount owed to Warner for the October 6 purchase wed Print Done Debit Credit o The following transactions occurred between Warner Pharmaceuticals and Elas & Myers's Drug Store during October of the current year Both companies the perpetual inventory system Click the icon to view the transactions.) Required Journalize these transactions, first on the books of Eles & Myers Drug Store and second on the books of Warner Pharmaceuticals First, let's prepare the entries for Ellas & Myers Drug Stores October 6. Elias & Myers purchased 572,000 of merchandise from Warner en credit forms of 1/10/30 FOB shipping point. Separately. Elas & Myers paid 51.800 bal for freight in Wamar no ced Elias 8 Myers for $72.000 these goods cost Wamer $43 200). Record the October 6 purchase on account. We will record each element of this transaction separately (Record debits first, then credits Exclude explanations from journal entries) Journal Entry Date Accounts Debit Credit Oct 6 Journalize these transactions, first on the books of Ellas & Myers Drug Store and second on the books of Warner Pharmaceuticals Journal Entry Date Accounts Debit Credit Oct October 10. Els & Myers returned $5.000 of the merchandise purchased on October 6. Wame issued a credit mome for this amount and returned the goods to inventory cost $3000) Record the return of merchandise Journal Entry Date Accounts Debit Credit 10 Od October 15 Els & Myers paid 528 800 of the invece amount owed to Warner for the Odober purchase. Wameros customers to take the cash discount on pusat payments Recent Journal Cry Date Accounts Debt Credit Oct 15 October 27 Eles & Myers paid the remaining amount owed to Water for the October purchase Journal Entry Date Accounts De Credit Oct 27 Now we will record the entries of Wamer Pharmaceuticals October 6 Elias & Myers purchased 572,000 of merchandise from Warmer on credit terms of 1/10/30 FOB shipping point Separately. Elias & Myers paid a 51,300 bal for freight in Wamer invoiced Elas & Myers for 72.000 (these goods cost Wamer 543 200). We will record each event in this transaction separately Begin with recording the sale on account Journal Entry Date Accounts Debit Credit Oct Record the cost of goods sold for the October 6 sale on account Journal Entry Date Accounts Debit Credit Oct 6 October 10. Elas & Myers returned 55.000 of the merchandise purchased on October Womersed a credit momo for this amount and returned the goods to inventory 51.0001 Awarecordement of transaction separately Journalze the sale portion of the merchandiseretur Journal Entry Date Accounts Debit Credit Oct 10 Joumalize these transactions, flest on the books of Elias & Myers Drug Store and second on the books of Wamer Pharmaceuticals Record the cost of goods sold portion of the merchandise rebum from October 10 Journal Entry Date Accounts Debe Credit Oct 10 October 15. Eles & Myers paid 528.800 of the invoice antount owed to Wamer for the October 6 purchase Womer lows its customers to take the cash discount on para pements Record the rest of cash on account Journal Entry Accounts De Debt Credit Oct 15 October 27. Ellas & Myers paid the remaining amount owed to Warer for the October 6 purchase. Record the receipt of the remaining balance Journal Entry Accounts Debit Credit Date Oct 27 Choose from any list or enter any number in the input fields and then continue to the next