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itz (20.047) 14. Journalize each of the following transactions for TIM Co.. Assume the perpetual inventory system is used. Mar 22 Purchased merchandise on account

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itz (20.047) 14. Journalize each of the following transactions for TIM Co.. Assume the perpetual inventory system is used. Mar 22 Purchased merchandise on account from Thomas Wholesalers, $8,000. Terms 2/10, n/30, FOB shipping point. Mar 24 Returned $2,000 goods to Thomas Wholesalers that were not ordered. Mar 29 Sold merchandise to Client ATC, $5,000. Terms 2/10, n/30, FOB shipping point. Paid freight bill of $58 for the transaction. Cost of goods, $2,500. Apr 1 Made payment to Thomas Wholesalers for the purchase on Mar 22, plus a E- 14/15 54:43 n/30, FOB shipping point. Mar 24 Returned $2,000 goods to Thomas Wholesalers that were not ordered. Mar 29 Sold merchandise to Client ATC, $5,000. Terms 2/10, n/30, FOB shipping point. Paid freight bill of $58 for the transaction. Cost of goods, $2,500. Apr 1 Made payment to Thomas Wholesalers for the purchase on Mar 22, plus a freight of $136. Client ATC retuned $1,500 of the merchandise sold on Mar 29. Cost of goods: $7,50. Client ATC made payment for its transaction on Mar 29. Apr 2 Apr 9 **Nota Dinnen 1 writo var answer to the 53:38 et (10.04) 15.On January 2, 2015, Dazzle Co. purchased fixtures for $11,000 cash, expecting the fixtures to remain in service for five years. The company has depreciated the fixtures on a double- declining-balance basis, with zero residual value. 1) Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the fixtures. Show your computations. 2) On Oct 31, 2016, Dazzle sold the fixtures for $6,200 cash. Record both depreciation expense for 2016 and sales of the fixtures on Oct. 31, 2016. **Note: Please 1) write your answer to the question(s) on the paper, then 2) take

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