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Information related to Cheyenne Co. is presented below. 1. 2. 3. 4. 5. On April 5, purchased merchandise from Mockingbird Company for $20,800 terms 2/10,
Information related to Cheyenne Co. is presented below. 1. 2. 3. 4. 5. On April 5, purchased merchandise from Mockingbird Company for $20,800 terms 2/10, net/30, FOB shipping point. On April 6 paid freight costs of $580 on merchandise purchased from Mockingbird. On April 7, purchased equipment on account for $29,800. On April 8, returned damaged merchandise to Mockingbird Company and was granted a $5,200 credit for returned merchandise. On April 15 paid the amount due to Mockingbird Company in full.
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