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Fill Out All White Blanks Below The following transactions occurred between Kinzer Furnishings and K and B Furniture Warehouse during July of the current year
Fill Out All White Blanks Below The following transactions occurred between Kinzer Furnishings and K and B Furniture Warehouse during July of the current year (Click the icon to view the transactions.) Read the requirements Jul 18: Kinzer Furnishings paid $1,800 of the July 4 invoice less the discount Date Journal Entry Accounts 18 Accounts payable Debit Credit Jul More Info Jul 31: Kinzer Furnishings paid the remaining amount owed on the July 4 invoice. Journal Entry Jul 4 Kinzer Furnishings purchased $7,300 of merchandise from K and B Furniture Warehouse on account Terms, 3/15, 1/30, FOB shipping point. The goods cost K and B Furniture Warehouse $2,700 7 Kinzer Furnishings paid a $125 freight bill for delivery of the goods purchased on July 4 10 Kinzer Furnishings returned $1,100 of the merchandise purchased on July 4. The goods cost K and B Furniture Warehouse $650. 18 Kinzer Fumishings paid $1,800 of the July 4 invoice less the discount. 31 Kinzer Furnishings paid the remaining amount owed on the July 4 invoice. Date Debit Credit Accounts 31 Accounts payable Jul Cash Print Done
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