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Exercise 222 Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system. April Sold merchandise to Mann Company

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Exercise 222 Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system. April Sold merchandise to Mann Company for $4,000, terms 2/10, n/30. The merchandise sold had a cost of $2,500. 2 Purchased merchandise from Wild Corporation for $8,000, terms 1/10, n/30 4 Purchased merchandise from Ryan Company for S1.000, n/30. 10 Received payment from Mann Company for purchase of April 1 less appropriate discount. 11 Paid Wild Corporation for April 2 purchase 1 Journalize the April transactions for Leiss Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation April 1 Debit Credit To record credit sale) To record cost of good sold) 10

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