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Information related to Pina Colada Corp. is presented below. 1. On April 5, purchased merchandise on account from Flint Company for $29,400, terms 2/10, net/30,
Information related to Pina Colada Corp. is presented below. 1. On April 5, purchased merchandise on account from Flint Company for $29,400, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $800 on merchandise purchased from Flint. 3. On April 7, purchased equipment on account for $31,500. 4. On April 8, returned $3,800 of merchandise to Flint Company. 5. On April 15, paid the amount due to Flint Company in full. No. Date Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5
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