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Information related to Alesha Co. is presented below. 1. On April 5, purchased merchandise from Isaiah Company for $38,200, terms 3/10, net/30, FOB shipping point.
Information related to Alesha Co. is presented below. 1. On April 5, purchased merchandise from Isaiah Company for $38,200, terms 3/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $970 on merchandise purchased from Isaiah. 3. On April 7, received an allowance for damaged goods from Isaiah of $1,200. 4. On April 8, returned damaged merchandise to Isaiah Company and was granted a $6,800 credit for the returned merchandise. 5. On April 15, paid the amount due to Isaiah Company in full. (a) Prepare the journal entries to record these transactions on the books of Alesha and Isaiah Co. under a perpetual inventory system
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