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ournalize all necessary transactions in the order they are presented in the transaction list. (Record debits first, then credits. Exclude Jun. 20: Purchased inventory of
ournalize all necessary transactions in the order they are presented in the transaction list. (Record debits first, then credits. Exclude Jun. 20: Purchased inventory of $5,100 on account from Sanders Diamonds, a jewelry importer. Terms were 2/15, n/45, FOB shippin Date Accounts Debit Credit Jun. 20 Jun. 20: Paid freight charges, $400. Debit Credit Date Accounts Jun. 20 Jul. 4 Returned $600 of inventory to Sanders. Date Accounts DebitCredit Jul. 4
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