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ers 4-6) mheducation.c Saved A company has the following transactions during March: March 3 Purchases inventory on account for $3,200, terms 4/10, n/30. March 5
ers 4-6) mheducation.c Saved A company has the following transactions during March: March 3 Purchases inventory on account for $3,200, terms 4/10, n/30. March 5 Pays freight costs of $290 on inventory purchased on March 3. March 6 Returns inventory with a cost of $500. March 12 Pays the full amount due on March 3 purchase. March 29 Sells all inventory purchased on March 3 (less those returned on March 6) for $5,100 on account. Record all transactions, assuming the company uses a perpetual inventory system. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 Record the purchase of inventory on account for $3,200, terms 4/10, n/30.1 Noter Enter debits before credits, General Journal Debit Credit 8,200 8.200 Date March 03 Supplies Accounts Payable Record entry Clear entry View general journal to search T D C 9 T
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