Question
Journalize, without explanations, the following transactions of Dartmouth Auto Parts, a distributor that uses the periodic inventory system, during the month of June 2023 June
Journalize, without explanations, the following transactions of Dartmouth Auto Parts, a distributor that uses the periodic inventory system, during the month of June 2023 June 3 Purchased $18,000 of inventory under terms of 3/10, n/eom, and FOB shipping point. Returned $2,000 of defective merchandise purchased on June 3. June 7 June 9 Paid freight bill of $390 on June 3 purchase. June 10 Sold inventory for $24,000 collecting cash of $4,200. Payment terms on the remainder were 4/15, n/30. Paid amount owed on credit purchase of June 3. June 12 June 16 Granted a sales allowance of $1,800 on the June 10 sale. June 23 Received cash from the June 10 customer in full settlement of the debt. June 3. Purchased $18,000 of inventory under terms of 3/10, n/eom, and FOB shipping point. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit
Question
Journalize, without explanations, the following transactions of Dartmouth Auto Parts, a distributor that uses the periodic inventory system, during the month of June 2023. June 3 Purchased $18,000 of inventory under terms of 3/10,n/eom, and FOB shipping point. June 7 Returned $2,000 of defective merchandise purchased on June 3. June 9 Paid freight bill of $390 on June 3 purchase June 10 Sold inventory for $24,000 collecting cash of $4,200. Payment terms on the remainder were 4/15,n/30. June 12 Paid amount owed on credit purchase of June 3. June 16 Granted a sales allowance of $1,800 on the June 10 sale June 23 Received cash from the June 10 customer in full settlement of the debt. June 3. Purchased $18,000 of inventory under terms of 3/10,n/eom, and FOB shipping point. (Record debits first, then credits. Exclude explanations from journal entries.)Step by Step Solution
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