Exercise 8.4 (Algo) Recording purchases with purchases discounts. LO 8-1 Required: Record the following transactions of Alina's Designs in a general Journal: DATE TRANSACTIONS April 1, 20x1 Purchased merchandise on credit from Global Fabricators, Invoice 885, $1,100, terms 1/10, n/30; freight of $11 prepaid by Global Fabricators and added to the invoice (total invoice amount, $1,111). Paid amount due to Global Fabricators for the purchase of April 1, less the 1 percent discount, Check 457. Purchased merchandise on credit from Korniakov Company, Invoice 145, $800, terms 1/10, n/30; freight of $30 prepaid by Korniakov Company and added to the invoice. April 9, 20x1 April 15, 20X1 April 17, 28x1 April 24, 20x1 Returned damaged merchandise purchased on April 15 from Korniakov Company; received Credit Memorandum 332 for $100. Paid the amount due to Korniakov Company for the purchase of April 15, less the return on April 17, taking the 1 percent discount, Check 470. View transaction list

Exercise 8.4 (Algo) Recording purchoses with purchases discounts. LO 8-1 Requlred: Record the following transactions of Alina's Designs in a general joumal DATE Thansactrows prepaid by alobal fabricators and added to the favoice (total. invosce anceat, $1,111 ). by korniakov company and added to the invoice. percent discount, Check 470