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journal entries for this June -1. Sold merchandise to Avery & Wiest for $7,000; terms 2/5, n/15, FOB destination (cost of sales $6,250). 2 Purchased

image text in transcribedjournal entries for this
June -1. Sold merchandise to Avery & Wiest for $7,000; terms 2/5, n/15, FOB destination (cost of sales $6,250). 2 Purchased $3,500 of merchandise from Angolac Suppliers; terms 1/10, n/20, FOB shipping point 4 Purchased merchandise inventory from Bastille Sales for $14,500; terms 1/15, n/45, FOB Bastille Sales. 5 Sold merchandise to Gelgar for $11,000; terms 2/5, n/15, FOB destination (cost of sales $9,000). 6 Collected the amount owing from Avery & Wiest regarding the June 1 sale. >12 Paid Angolac Suppliers for the June 2 purchase. 20 Collected the amount owing from Gelgar regarding the June 5 sale. Paid Bastille Sales for the June 4 purchase. 30

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