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How to do jounals? Instructions The following selected transactions were completed by Niles Co. during March of the current year: Mar. 1 Purchased merchandise from
How to do jounals?
Instructions The following selected transactions were completed by Niles Co. during March of the current year: Mar. 1 Purchased merchandise from Haas Co., $43,250, terms FOB shipping point, 2/10, nVeom. Prepaid freight of $650 was added to the invoice. 5 Purchased merchandise from Whitman Co., $19,175, terms FOB destination, n/30. 10 Paid Haas Co. for invoice of March 1. 13 Purchased merchandise from Jost Co., $15,550, terms FoB destination, 2/10, n/30. 14 Issued debit memo to Jost Co. for $3,750 of merchandise returned from purchase on March 13. 18 Purchased merchandise from Fairhurst Company, $13,560, terms FoB shipping point, n/eom 18 Paid freight of $140 on March 18 purchase from Fairhurst Company 19 Purchased merchandise from Bickle Co., $6,500, terms FOB destination, 2/10, n/30. 23 Paid Jost Co. for invoice of March 13, less debit memo of March 14. 29 Paid Bickle Co. for invoice of March 19 31 Paid Fairhurst Company for invoice of March 18 31 Paid Whitman Co. for invoice of March 5Step by Step Solution
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