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Homework: Homework Assignment #5 Save Score: 0 of 1 pt 10 of 11 (5 complete) HW Score: 43.18%, 4.75 of 11 pts EF5-22 (book/static) Question
Homework: Homework Assignment #5 Save Score: 0 of 1 pt 10 of 11 (5 complete) HW Score: 43.18%, 4.75 of 11 pts EF5-22 (book/static) Question Help Howie 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: Purchased inventory of $5,100 on account from Sanders Diamonds, a jewelry importer. Terms were 2/15, 145, FOB shipping point Date Accounts Debit Credit Jun. 20 Sales Revenue Choose from any list or enter any number in the input fields and then click Check Answer 6 parts Clear All Check Answer remaining a perpetui view the xplana More Info - X ry transa the near anatio ventory int s Revenu Purchased inventory of $5,100 on account from Sanders Diamonds, a jewelry Jun. 20 importer. Terms were 2/15, n/45, FOB shipping point. Jun. 20 Paid freight charges, $400. Jul. 4 Returned $600 of inventory to Sanders. Jul. 14 Paid Sanders Diamonds, less return. Purchased inventory of $3,500 on account from Southboro Diamonds a jewelry Jul. 16 importer. Terms were 2/10. n/EOM, FOB destination Received a $300 allowance from Southboro Diamonds for damaged but usable Jul. 18 goods. Jul. 24 Paid Southboro Diamonds, less allowance and discount. Print Done or enter Check
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