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On August 1, 2010, Wellington Appliances purchased 75 refrigerators for $55,000 cash and also paid $1,500 transportation costs relat $50,000 on credit; however, the seller
On August 1, 2010, Wellington Appliances purchased 75 refrigerators for $55,000 cash and also paid $1,500 transportation costs relat $50,000 on credit; however, the seller ed to this purchase. On the same date, Wellington purchased 100 dishwashers for paid the $1,200 freight. The credit terms for the dishwashers were 2/10, On August 3rd, Wellington determined that 5 of the refrigerators were defective, so they were returned to paid for the the seller. Wellington paid for the dishwashers on August 9th. On August 10th, Wellington purchased 90 microwave ovens for $9,000 on credit with terms 1/10, n/30. The seller paid the freight. Wellington microwave ovens on August 21st. Wellington uses a perpetual inventory system. Prepare any Necessary Journal Entries for the purchases by Wellington: Refer to the information presented for Wellington Appliances. On August 12th, Wellington sold 15 dishwashers to customers for $800 each. Wellington paid $200 for these dishwashers when it purchased them from the supplier on August 1st. On August 15th customers returned two dishwashers. Prepare all of Wellington's journal entries to record the sale and returns
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