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Prepare journal entries for February 2014 to record the following transactions for XYZ Corporation Assume a perpetual reventory system Enter the transaction letter as the
Prepare journal entries for February 2014 to record the following transactions for XYZ Corporation Assume a perpetual reventory system Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format adhumme, January 15 would be a February 2: XYZ Corporation purchased merchandise from Northstar Corp. for $8.500 unde credit torms of 2/16, 60, FOB destination b. February 14. After negotiations with Northstar Corp. concerning problems with the merchandise purchased on February 2. received a credit memorandum rating a pion reduction of $4,000 c. February 19 XYZ Corporation purchased merchandise on credit from Vision Consulting in terms 2/16, 60, 66.000, FOB destination d February 22 Paid Northstar Corp the amount due from the February 2 purchase e February 25, XYZ Corporation purchased supplies by paying $3.000 1. February 26: Received a $2.400 credit memorandum acknowledging the return of merchandise purchased on February 10 9 February 28 Paid the balance due to Vision Consulting Inc Please use the 'and button to change the number of accounts (if necessary) for each journal entry, General Journal Page Gue Date Account Explanation Crede F Debit
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