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Journalize each of the following transactions assuming a perpetual inventory system. (If no entry is required for a trans select No journal entry required in
Journalize each of the following transactions assuming a perpetual inventory system. (If no entry is required for a trans select "No journal entry required" in the first account field.) Feb. 1 Purchased $17,100 of merchandise inventory: terms 2/10, 1/30. 5 Purchased for cash $8,300 of merchandise inventory. 6 Purchased $22,100 of merchandise inventory: terms 3/15, n/45. 9 Purchased $1,950 of office supplies; tarmen/15. 10 Contacted a major supplier to place an order for $210,000 of merchandise in exchange for a 25% trade discount to be shipped on April 1 FOB destination. 11 Paid for the merchandise purchased on February 1. 24 Paid for the office supplies purchased on February 9. Mar. 23 paid for the February 6 purchase. View transaction list Journal entry worksheet 2 3 4 5 6 7 8 > Record purchase of merchandise for $17,100; terms 2/10, n/30. Note: Enter debits before credits Debit Credit Date General Journal
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