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July 3 Purchase CDs on account from Wholesale Music for $2,150, terms 2/10, n/30. July 4 Pay cash for freight charges related to the July
July | 3 | Purchase CDs on account from Wholesale Music for $2,150, terms 2/10, n/30. | ||
July | 4 | Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $110. | ||
July | 9 | Return incorrectly ordered CDs to Wholesale Music and receive credit, $300. | ||
July | 11 | Pay Wholesale Music in full. |
July 03 Inventory 2,150 Accounts Payable 2,150 2 July 04 110 Inventory Cash 110 3 July 09 300 Accounts Payable Inventory 3000 July 11 Accounts Payable 1,850 Cash Sales Discounts
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