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Exercise 5.2 Recording journal entries for merchandise purchase transactions- Jounalize each of the following transactions assuming a perpetual inventory system. Feb. Purchased $17.000 of merchandise

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Exercise 5.2 Recording journal entries for merchandise purchase transactions- Jounalize each of the following transactions assuming a perpetual inventory system. Feb. Purchased $17.000 of merchandise inventony: terms 1/10, n/30. 5 Purchased for cash $8.200 of merchandise inventory. 6 Purchased $22.000 of merchandise inventony: terms 2/15, n/45. Purchased $1.900 of office supplies: terms r/15. contacted a major supplier to place an order for S200.000 of merchandise in exchange for a 30% trade dmt to be shipped on Apni 1 FOB destination. Paid for the merchandise purchased on Februany 1. Paid for the office supplies purchased on February q. Paid for the February 6 purchase. 9 o 11 24 23 Mar

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