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Haynes Jewelers uses a perpetual inventory system and had the following purchase transactions. Journalize all necessary transactions. Explanations are not required. (Click the icon
Haynes Jewelers uses a perpetual inventory system and had the following purchase transactions. Journalize all necessary transactions. Explanations are not required. (Click the icon to view the transactions.) Journalize all necessary transactions in the order they are presented in the transaction list. (Record debits first, then credits. Exclude explanations from journal entries. Round all numbers to the nearest whole dollar.) Jun. 20 Da Jun, 201 More info Jun. 20 Purchased inventory of $5,200 on account from Southboro Diamonds, a jewelry importer. Terms were 1/15, n/45, FOB shipping point. Jun. 20 Paid freight charges, $300. Jul. 4 Jul. 14 Jul. 16 Returned $900 of inventory to Southboro Paid Southboro Diamonds, less return. Purchased inventory of $3,800 on account from Sugarman Diamonds, a jewelry importer. Terms were 2/10, n/EOM, FOB destination. Jul. 18 Received a $700 allowance from Sugarman Diamonds for damaged but usable Jul. 24 goods Paid Sugarman Diamonds, less allowance and discount Print Done B shipping point. Clear all Check answer
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