Hendri ng ASA Chapter 0 Check my werk Exercise 5-3 Recording purchases, purchases returns, and purchases allowances LO P1 Pre m ale to record the following transactions for a retail store. The company uses a perpetual entory system and the Apr Purchased 14.00 of merchandise from Lyon Company with credit terms of 2/15, 1/64, invoice dated April 2, and FOB shipping point Paid 330 cash for shipping charges on the April 2 purchase. 4 returned to Lyon Company unacceptable merchandise that had an invoice price of $450 17 Sent-check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise 18 Parchased 5. 0 of merchandise from Frist Corp. with credit teres of 1/10, 30, Invoice dated April 18, and Fo destination 21 After negotiations, received from Frist a $500 allowance toward the $8.90 Owed on the April 18 purchase 26 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. wransactions Journal entry worksheet Prev 1 of 6 ! Next > to search Hendri ng ASA Chapter 0 Check my werk Exercise 5-3 Recording purchases, purchases returns, and purchases allowances LO P1 Pre m ale to record the following transactions for a retail store. The company uses a perpetual entory system and the Apr Purchased 14.00 of merchandise from Lyon Company with credit terms of 2/15, 1/64, invoice dated April 2, and FOB shipping point Paid 330 cash for shipping charges on the April 2 purchase. 4 returned to Lyon Company unacceptable merchandise that had an invoice price of $450 17 Sent-check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise 18 Parchased 5. 0 of merchandise from Frist Corp. with credit teres of 1/10, 30, Invoice dated April 18, and Fo destination 21 After negotiations, received from Frist a $500 allowance toward the $8.90 Owed on the April 18 purchase 26 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount. wransactions Journal entry worksheet Prev 1 of 6 ! Next > to search