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Information related to Ayayai Co. is presented below. 1. On April 5. purchased merchandise on account from Windsor Company for $30,000, terms 3/10, net/30,
Information related to Ayayai Co. is presented below. 1. On April 5. purchased merchandise on account from Windsor Company for $30,000, terms 3/10, net/30, FOB shipping point. On April 6, paid freight costs of $990 on merchandise purchased from Windsor. 2. 3. On April 7, purchased equipment on account for $45,800. 4. On April 8, returned $4,500 of merchandise to Windsor Company. 5. On April 15. paid the amount due to Windsor Company in full. (a) Prepare the journal entries to record these transactions on the books of Ayayai Co. under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date ril 5 # Account Titles and Explanation Debit Cre 30,000 Inventory Accounts Payable ril 6 Inventory Cash 990 ril 7 O Equipment Accounts Payable 45,800 ril 8 Accounts Payable Inventory ril 15: Accounts Payable 4,500 Save for Later Last saved 7 seconds ago, Saved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes. Attempts: 0 of 1 used Submit Answer
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