Information related to Novak Co. is presented below. On April 5, purchased merchandise from Mockingbird Company...
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Information related to Novak Co. is presented below. On April 5, purchased merchandise from Mockingbird Company for $22,400 terms 2/10, net/30, FOB shipping point. 1. 2. On April 6 paid freight costs of $740 on merchandise purchased from Mockingbird. 3. On April 7, purchased equipment on account for $31,400. 4. 5. On April 8, returned damaged merchandise to Mockingbird Company and was granted a $5,100 credit for returned merchandise. On April 15 paid the amount due to Mockingbird Company in full. Information related to Novak Co. is presented below. On April 5, purchased merchandise from Mockingbird Company for $22,400 terms 2/10, net/30, FOB shipping point. 1. 2. On April 6 paid freight costs of $740 on merchandise purchased from Mockingbird. 3. On April 7, purchased equipment on account for $31,400. 4. 5. On April 8, returned damaged merchandise to Mockingbird Company and was granted a $5,100 credit for returned merchandise. On April 15 paid the amount due to Mockingbird Company in full.
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