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June 4 Oriole Discount Retail Company purchased $9,700 of merchandise, terms n/30 from A1 Supply Company. The cost of the merchandise was $6,790. 12 Oriole
June 4 Oriole Discount Retail Company purchased $9,700 of merchandise, terms n/30 from A1 Supply Company. The cost of the merchandise was $6,790. 12 Oriole Discount Retail returned $570 of goods to A1 Supply for full credit. The goods had a cost of $399 to A1 Supply. 12 Oriole Discount Retail paid the account in full. Assume use of the perpetual inventory system for both companies. (a) Prepare the journal entries to record these transactions in Oriole Discount Retails's records, (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record entries in the order displayed in the problem statement. List all debit entries before credit entries.) Prepare the journal entries to record these transtactions in the automatically indented when the amount is entered. Do not ind
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