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moriet wry Question 2 [20 points) yr Prepare journal entries for February, 2014 to record the following transactions for Courtland Corp. Assume a perpetual inventory

image text in transcribed moriet wry Question 2 [20 points) yr Prepare journal entries for February, 2014 to record the following transactions for Courtland Corp. Assume a perpetual inventory system Ace Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddimmm (e, January 15 would be 15/Ja a. February 3: Courtland Corp. purchased merchandise from Stake Technology Inc. for $5,100 under credit terms of 2/16, ne0, FOB destination b. February 5 Courtland Corp. purchased supplies by paying $4,900 c. February 13: Courtland Corp. purchased merchandise on credit from Allarco Inc, terms 2/10, n/60, $6,800, FOB destination d. February 17: After negotiations with Allarco Inc. concerning problems with the merchandise purchased on February 13, received a credit memorandum granting a price reduction of $1,400. e. February 2k Paid the balance due to Stake Technology Inc. f. February 21: Paid Allarco Inc. the amount due from the February 13 purchase Please use the Date and buttons to change the number of accounts (if necessary) for each journal entry Page G F Debit Credit General Journal Account Explanation IL ENG 00:07 D haveimage text in transcribed

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