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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
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, n/45, FOB shipping More Info Date Accounts Debit Credit Jun. 20 Jun. 20: Paid freight charges, $400. 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. Jul. 18 Received a $300 allowance from Southboro for damaged but usable goods. Jul. 24 Paid Southboro Diamonds, less allowance and discount. Date Accounts Debit Credit Jun. 20 Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? 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.) Jul. 4: Returned $600 of inventory to Sanders. More Info - Date Accounts Debit Credit Jul. 4 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. Jul. 18 Received a $300 allowance from Southboro for damaged but usable goods. Jul. 24 Paid Southboro Diamonds, less allowance and discount. Jul. 14: Paid Sanders Diamonds, less return. Date Accounts Debit Credit Jul. 14 Print Done fror the innuit fiole and then nortuontion 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.) Jul. 16: Purchased inventory of $3,500 on account from Southboro Diamonds, a jewelry importer. Terms were 2/10, n/EOM, FOB destin More Info Date Accounts Debit Credit Jul. 16 Jul. 18: Received a $300 allowance from Southboro for damaged but usable goods. 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. Jul. 18 Received a $300 allowance from Southboro for damaged but usable goods. Jul. 24 Paid Southboro Diamonds, less allowance and discount. Date Accounts Debit Credit Jul. 18 Print Done Choose from any list or enter any number in the input fields and then continue to the next question. 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.) Jul. 18: Received a $300 allowance from Southboro for damaged but usable goods. More Info X Date Accounts Debit Credit Jul. 18 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 Jul. 24: Paid Southboro Diamonds, less allowance and discount. Paid Sanders Diamonds, less return. Purchased inventory of $3,500 on account from Southboro Diamonds, a jewelry importer. Terms were 2/10, n/EOM, FOB destination. Date Accounts Debit Credit Jul. 16 Jul. 18 Jul. 24 Received a $300 allowance from Southboro for damaged but usable goods. Paid Southboro Diamonds, less allowance and discount. Jul. 24 Print Done > . Choose from any list or enter any number in the input fields and then continue to the next
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