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Exercise 8.4 (Algo) Recording purchases with purchases discounts. LO 8-1 Required: Record the following transactions of J. Min Designs in a general journal: 9 DATE

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Exercise 8.4 (Algo) Recording purchases with purchases discounts. LO 8-1 Required: Record the following transactions of J. Min Designs in a general journal: 9 DATE TRANSACTIONS zaxi April Purchased merchandise on credit from O'Rourke Fabricators, Invoice 885, $1,400, terms 1/10, n/30; freight of $14 prepaid by O'Rourke Fabricators and added to the invoice (total invoice amount, $1,414). Paid amount due to O'Rourke Fabricators for the purchase of April 1, less the 1 percent discount, Check 457. 15 Purchased merchandise on credit from Kroll Company, Invoice 145, $950, terns 1/10, 1/30; freight of $45 prepaid by Kroll and added to the invoice. 17 Returned damaged merchandise purchased on April 15 from Kroll Company: received Credit Memorandum 332 for $5e. 24 Paid the amount due to Kroll Company for the purchase of April 15, less the return on April 17, taking the 1 percent discount, Check 47e. View transaction list Journal entry worksheet Paid amount due to O'Rourke Fabricators for the purchase of April 1, less the 1 percent discount, Check 457. Note: Enter debits before credits. Date General Journal Debit Credit Apr 09, 20X1 Record entry Clear entry View general journal Journal entry worksheet Purchased merchandise on credit from Kroll Company, Invoice 145, $950, terms 1/10, n/30; freight of $45 prepaid by Kroll and added to the invoice. Note: Enter debits before credits. General Journal Date Apr 15, 20X1 Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Returned damaged merchandise purchased on April 15 from Kroll Company; received Credit Memorandum 332 for $50. Note: Enter debits before credits. Date General Journal Debit Credit Apr 17, 20X1 Record entry Clear entry View general journal Journal entry worksheet Paid the amount due to Kroll Company for the purchase of April 15, less the return on April 17, taking the 1 percent discount, Check 470. Note: Enter debits before credits. Date General Journal Debit Credit Apr 24, 20X1 Record entry Clear entry View general journal

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