P-F:5-39A Journalizing purchase and sale transactions Journalize the following transactions that occurred in September for River Works. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Sep. 3 4 4 6 8 9 10 12 13 15 22 23 25 26 Purchased merchandise inventory on account from Shamrock Wholesalers, $4,000. Terms 1/15, n/EOM, FOB shipping point. Paid freight bill of $75 on September 3 purchase. Purchased merchandise inventory for cash of $1,900. Returned $1,100 of inventory from September 3 purchase. 29 Sold merchandise inventory to Dallas Company, $5,500, on account. Terms 3/15, n/35. Cost of goods, $2,365. Purchased merchandise inventory on account from Hometown Wholesalers, $12,000. Terms 3/10, n/30, FOB destination. Made payment to Shamrock Wholesalers for goods purchased on September 3, less return and discount. Received payment from Dallas Company, less discount. After negotiations, received a $200 allowance from Hometown Wholesalers. Sold merchandise inventory to Roast Coffee Company, $3,300, on account. Terms 2/10, n/EOM. Cost of goods, $1,320. Made payment, less allowance, to Hometown Wholesalers for goods purchased on September 9. Roast Coffee Company returned $900 of the merchandise sold on September 15. Cost of goods, $360. I Sold merchandise inventory to Southbend Company for $1,900 on account that cost $722. Terms of 1/10, n/30 was offered, FOB shipping point. Received payment from Southbend Company, less allowance and discount. 30 Received payment from Roast Coffee Company, less return. After negotiations, granted a $200 allowance to Southbend Company for merchandise purchased on September 25. Learning Ob

F:5-39A Journalizing purchase and sale transactions Journalize the following transactions that occurred in September for River Works. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Sep. 3 Purchased merchandise inventory on account from Shamrock Wholesalers, $4,000. Terms 1/15,n/EOM,FOB shipping point. 4 Paid freight bill of $75 on September 3 purchase. 4 Purchased merchandise inventory for cash of $1,900. 6 Returned $1,100 of inventory from September 3 purchase. 8 Sold merchandise inventory to Dallas Company, $5,500, on account. Terms 3/15,n/35. Cost of goods, $2,365. 9 Purchased merchandise inventory on account from Hometown Wholesalers, $12,000. Terms 3/10,n/30, FOB destination. 10 Made payment to Shamrock Wholesalers for goods purchased on September 3 , less return and discount. 12 Received payment from Dallas Company, less discount. 13 After negotiations, received a $200 allowance from Hometown Wholesalers. 15 Sold merchandise inventory to Roast Coffee Company, $3,300, on account. Terms 2/10, n/EOM. Cost of goods, $1,320. 22 Made payment, less allowance, to Hometown Wholesalers for goods purchased on September 9. 23 Roast Coffee Company returned $900 of the merchandise sold on September 15. Cost of goods, $360. 25 Sold merchandise inventory to Southbend Company for $1,900 on account that cost $722. Terms of 1/10,n/30 was offered, FOB shipping point. 26 After negotiations, granted a $200 allowance to Southbend Company for merchandise purchased on September 25. 29 Received payment from Southbend Company, less allowance and discount. 30 Received payment from Roast Coffee Company, less return