Information related to RCo. is presented below. Prepare the journal entries for RCo, a buyer.

a. Apr 05, RCo bought mdse, on account, from JAX for $28,000, terms 2/10n30, FOB shipping pt.

(Did this one for you youre welcome).

b. On Apr 06, paid freight bill of $700 to UPS, for merchandise purchased from JAX.

(FYI Freight-Out means you sell and ship to your customer are you the seller?

NO! So a DR to freight-out is WRONG! But, you incur the $700 cost, which you pay, to

buy INV (BUT a DR to Freight Exp is WRONG as well).

c. On Apr 08, returned $3,600 of merchandise to JAX Company.

d. On Apr 14, paid the amount due to JAX Company.

Apr05	INVENTORY	28,000
(a)	ACCOUNTS PAYABLE		28,000
Apr06
(b)
Apr08
(c)
Apr14
(d)