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Information related to Swifty Corporation is presented below. 1. On April 5, purchased merchandise on account from Swifty Company for $27,000, terms 3/10, net/30, FOB
Information related to Swifty Corporation is presented below. 1. On April 5, purchased merchandise on account from Swifty Company for $27,000, terms 3/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $800 on merchandise purchased from Swifty. 3. On April 7, purchased equipment on account for $30,400. 4. On April 8, returned $3,500 of merchandise to Swifty Company. 5. On April 15, paid the amount due to Swifty Company in full. No. Date Account Titles and Explanation 1. 2. 3. 4 5
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