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Jester Inc. is a merchandiser which uses the perpetual inventory system . It had the following transactions occur during April: April 15: Purchased inventory costing

Jester Inc. is a merchandiser which uses the perpetual inventory system. It had the following transactions occur during April:

April 15: Purchased inventory costing $1,700 on account, terms 3/10, n/30.
April 25: Paid for the inventory previously purchased on April 15.

Required: In the journal below, record these two transactions. Do not include symbols, decimals or cents in the numerical response.

Date Debit Credit
April 15 Answer InventorySuppliesMachineryAccounts PayableAccounts ReceivableSales Revenue Answer
Answer InventorySuppliesMachineryAccounts PayableAccounts ReceivableSales Revenue Answer
April 25 Answer InventoryCost of Goods SoldInventory ExpenseSales DiscountsPurchase DiscountsAccounts ReceivableAccounts Payable Answer
Answer Sales RevenueCashAccounts ReceivableAccounts Payable Answer
Answer Cost of Goods SoldInventory ExpenseSales DiscountsPurchase DiscountsInventory Answer

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