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Journal Shaded cells have feedback. X PAGE 10 Instructions x JOURNAL Score: 72/76 DATE DESCRIPTION POST. REF. ACCOUNTING FOUTATION ASSETS LIABILITIES EQUITY DEBIT CREDIT On
Journal Shaded cells have feedback. X PAGE 10 Instructions x JOURNAL Score: 72/76 DATE DESCRIPTION POST. REF. ACCOUNTING FOUTATION ASSETS LIABILITIES EQUITY DEBIT CREDIT On March 1, Warwick's Co., a women's clothing store, purchased $77,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. On March 5, Warwick's 1 Mar. 1 Merchandise Inventory 75,460.00 returned $8,200 of the merchandise, receiving a credit memo, and then paid the amount 2. Accounts Payable 75,460.00 due on March 9, within the discount period. 3 Mar. 5 Accounts Payable 8,200.00 1 4 Merchandise Inventory 8,200.00 5 Mar. 9 Accounts Payable 67,424.00 1 Journalize Warwick's entries to record (a) the purchase, (b) the merchandise return, and (c) the payment. Refer to the Chart of Accounts for exact wording of account titles. 6 Cash 67,424.00
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