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DUE ASAP POINTS IMMEDIATLY On June 10, Harris Company purchased $7,000 of merchandise from Goetz Company, terms 4/10, n/30. Harris pays the freight costs of
DUE ASAP POINTS IMMEDIATLY
On June 10, Harris Company purchased $7,000 of merchandise from Goetz Company, terms 4/10, n/30. Harris pays the freight costs of $450 on June 11. Goods totaling $600 are returned to Goetz for credit on June 12. On June 19, Harris Company pays Goetz Company in full, less the purchase discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction on the books of Harris Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare separate entries for each transaction for Goetz Company. The merchandise purchased by Harris on June 10 cost Goetz $2,440, and the goods returned cost Goetz $220. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Click if you would like to Show Work for this question: Open Show Work
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