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Prepare the appropriate journal entries for each of the transactions for Your Company. ROUND ALL ANSWERS TO 2 DECIMAL PLACES. Points Available: 1 2 a

Prepare the appropriate journal entries for each of the transactions for Your Company. ROUND ALL
ANSWERS TO 2 DECIMAL PLACES. Points Available: 12
a. Purchased 330 inventory items for $63 each with terms 3/15, N45 and FOB Destination. Points Earned:
DEBIT CREDIT
b. Sold 273 inventory items to ABC Company for $93.2 each with terms 4/10, N30 and FOB Shipping Point.
DEBIT CREDIT
c. ABC Company paid the amount due from the sale in transaction B with a discount.
DEBIT CREDIT
d. Your Company paid for the purchase in transaction a taking the early payment discount.
DEBIT CREDIT

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