Question
On June 10. Windsor Company purchased $8,100 of merchandise from Wildhorse Company, on account, terms 2/10, n/ pays the freight costs of $360 on June
On June 10. Windsor Company purchased $8,100 of merchandise from Wildhorse Company, on account, terms 2/10, n/ pays the freight costs of $360 on June 11. Goods totaling $200 are returned to Wildhorse for credit on June 12. On June Company pays Wildhorse Company in full, less the purchase discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction for Wildhorse Company. The merchandise purchased by Windsor on June 10 cost Wildhorse $2,410, and the goods returned cost Wildhorse $270. (If no entry is required, select "No entry" for the account titles and enter 0 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.)
Prepare separate entries for each transaction on the books of Windsor Company. (If no entry is required, select "No Entry" for the account titles and enter O for the anounts. Credit occount titles are outomatically indented when amount is entered, Do not indent manuolly. Record journal entries in the order presented in the problem.) Prepare separate entries for each transaction for Wildhorse Company. The merchandise purchased by Windsor on June 10 cost Wildhorse $2,410, and the goods returned cost Wildhorse $270. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit occount titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
On June 10. Windsor Company purchased $8,100 of merchandise from Wildhorse Company, on account, terms 2/10, n/ pays the freight costs of $360 on June 11. Goods totaling $200 are returned to Wildhorse for credit on June 12. On June Company pays Wildhorse Company in full, less the purchase discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction for Wildhorse Company. The merchandise purchased by Windsor on June 10 cost Wildhorse $2,410, and the goods returned cost Wildhorse $270. (If no entry is required, select "No entry" for the account titles and enter 0 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.)
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