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Larry's Outlet Store had the following transactions in July of 2021. Journalize the transactions. July 3 Purchased inventory on account $6,900, from Max Wholesalers terms,
Larry's Outlet Store had the following transactions in July of 2021. Journalize the transactions. July 3 Purchased inventory on account $6,900, from Max Wholesalers terms, 3/15, n/30, FOB Shipping Point July 7 Paid Freight charges of $460 July 10 Found $300 worth of inventory purchased on July 3 to be damaged. Returned the inventory July 13 Paid Max Wholesalers in full July 20 Purchased Inventory on account $3,900 from Bob's Wholesalers, Terms 1/10, n/30,FOB Destination July 31 Paid Bob's in full
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