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Please do all parts if possible Hilman Jewelers uses a perpetual trwentory system and had the following purchase transactions, Soumalize all necessary transactions. Explanations are
Please do all parts if possible
Hilman Jewelers uses a perpetual trwentory system and had the following purchase transactions, Soumalize all necessary transactions. Explanations are not required. Click the icon to view the transactions.) Joumalize all necessary transactions in the order they are presented in the transaction lit. (Record detits first, then credits Bolude explanations from journal artis. Round at numbers to the Jun 20. Purchased Inventory of $5,700 on account from Sampson Dumonds, a jewelry importer. Turma were 1/18, 145, Foshipping point nearest Whold) Date Accounts Debit Credit Jun 20 > > Jun. 20 Purchased inventory of $5,700 on account from Sampson Diamonds, a jewelry importer. Terms were 1/15, n/45, FOB shipping point. Jun. 20 Paid freight charges, $200. Jul. 4 Returned $300 of inventory to Sampson. Jul. 14 Paid Sampson Diamonds, less return. Jul. 16 Purchased inventory of $3,800 on account from Swift Diamonds, a jewelry importer. Terms were 3/10, n/EOM, FOB destination. Jul. 18 Received a $500 allowance from Swift Diamonds for damaged but usable goods. Jul. 24 Paid Swift Diamonds, less allowance and discount Step by Step Solution
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