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On June 1 0 , Tamarisk Company purchased $ 6 , 8 0 0 of merchandise from Carla Vista Company, on account, terms 4 1
On June Tamarisk Company purchased $ of merchandise from Carla Vista Company, on account, terms Tamarisk
pays the freight costs of $ on June Goods totaling $ are returned to Carla Vista for credit on June On June Tamarisk
Company pays Carla Vista Company in full, less the purchase discount. Both companies use a perpetual inventory system.
a
Prepare separate entries for each transaction on the books of Tamarisk Company. If no entry is required, select No Entry" for the
account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent
manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.
b Prepare separate entries for each transaction for Carla Vista Company. The merchandise purchased by Tamarisk on June cost
Carla Vista $ and the goods returned cost Carla Vista $If no entry is required, select No entry" for the account titles and
enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal
entries in the order presented in the problem. List all debit entries before credit entries.
To record credit sale
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