Prepare General Journal entries to record the following periodic system merchandising transactions for Safety Merchandising. Use a separate account for each receivable and payable: (Round your answers to the 2 decimal places.) October 1 Purchased merchandise from teon Company on credit, terms 1/10, 1/30, 916,600. 2- Sold merchandise for canh, $2,500. 7 Purchased merchandise on credit from Billings Co., terms 1/10, 1/30, $12,400, Yo the seller's factory. 7 Daid $530 canh for freight charges on the merchandise shipment of the previous transaction 8 Purchased delivery equipment from Finlay Supplies on credit, $32,000. 12 Bold merchandise on credit to Conry Holdings, terms 3/15, 2/30, 1/60, $6,600, 13 Received a $1,900 credit nemo for merchandise purchased on October 1 and returned for credit. 13 Purchased office supplies on credit from Staples, $700, 1/30. 15 Sold merchandise on credit to Tom Willia, terns 1/10, 1/30, 1/60, 65,050. 15 Paid for the merchandine purchased on October 7. 16 Received a credit nema for unsatisfactory office wupplies purchased on October 13 and returned, $110. 19 Issued a $500 credit so to the customer who purchased merehandise on October 15 and returned a portion for credit. 25 Received payment for the merchandise sold on October 15. 29 The customer of October 12 paid for the purchase of that date. 31 Paid for the merchandise purchased on October 1. View transaction list 15 1 Record the purchase of merchandise from Zeon Company for $16,600 on credit. on 2 Record the sales of merchandise for $2,500 cash X: :X 4 Record the freight charges paid of $530 cash. 15 5 Record the purchase of delivery equipment from Finlay Supplies for $32,000 on credit. on 6 Record the sales of merchandise to Comry Holdings for $6,600 on credit. 7 Record the receipt of a credit memo of $1,900 for merchandise purchased on October 7. Credit 8 Record the purchase of office supplies from Staples for $700 on credit. 9 Record the sales of merchandise to Tom Willis for $5,050 on credit. Note : journal entry has been entered Record entry Clear entry View general journa View transaction list EX X TRE 15 10 Record the payment for the merchandise purchased on October 7. on 11 Record the receipt of a credit memo for $110 for unsatisfactory office supplies purchased on October 13. 12 Record the issue of a credit memo for $500 to Tom Willis for merchandise purchased on October 15. Credit 13 Record the receipt of payment for the merchandise sold on October 15. 14 Record the receipt of payment for the merchandise sold on October 12. Note : journal entry has been entered Clear entry View general ja payinen Toilette Sulu on October 12. 15 Record the payment for the merchandise purchased on October 1
