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help please (49) A company has the following transactions during March: March 3 Punchases inventory on account for $3,100, terms 3/10,n/30. March 5 Pays freight
help please (49)
A company has the following transactions during March: March 3 Punchases inventory on account for $3,100, terms 3/10,n/30. March 5 Pays freight costs of $280 on inventory purchased on March 3 . March 6 Returns inventory with a cost of $800. March 12 Pays the full amount due on March 3 purchase. March 29 Sel1s a11 inventory purchased on March 3 (less those returned on March 6) for $5,030 on account. Record all transactions, assuming the company uses a perpetual inventory system. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the purchase of inventory on account for $3,100, terms 3/10,n/30. Note: Enter debits before credits: Journal entry worksheet Record the payment of freight costs of $280 on inventory purchased on March 3. Note: Enter debits before credits. Journal entry worksheet Step by Step Solution
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