+ PROB1 PROB2 PROBLEM 4(15 points) The following transactions were selected from among those completed by tl during October of the current year: October 3. Purchased merchandise on account from Axel Co., list price $15. 15%, terms FOB destination, 1/10, 1/30. 6. Sold merchandise on account to Hart Co., list price $20,000 traded 210,n/30 at 20% gross profit. 7. Returned $4,000 of the merchandise purchased on September 3 fro 12. Sold merchandise on account to Abc company, S 8000 at 20% gros: 13. Paid Axel Co. on account for purchase of September 3, less return 16. Received cash on account from sale of September 6 to Hart Co. 24. Sold merchandise to Wilcox Co., $7,500 terms 1/10, n/30 at 30% gra sold 26. Sold merchandise for cash, $8,000 at 15% gross profit. 30. Received merchandise returned by Wilcox Co. from sale on Septen 30. Purchased merchandise from EFG Company, list price $ 8000 trade terms FOB Shipping Point Instructions: Journalize the transactions for the Lampco Inc. 00 NNNNNNNNNNNNO CON dore Chart + PROB1 PROB2 A B PROBLEM 4 (15 points) The following transactions were selected from among those completed by the Lampco Inc. during October of the current year: October 3. Purchased merchandise on account from Axel Co., list price $15,000 trade discount 15%, terms FOB destination, 1/10, n/30. 6. Sold merchandise on account to Hart Co., list price $20,000 trade discount 20%, terms 2/10, n/30 at 20% gross profit. 4 17 18 19 7. Returned $4,000 of the merchandise purchased on September 3 from Axel Co. 12. Sold merchandise on account to Abc company, $ 8000 at 20% gross profit. 13. Pald Axel Co. on account for purchase of September 3, less return of September 7. 16. Received cash on account from sale of September 6 to Hart Co. 24. Sold merchandise to Wilcox Co., $7,500 terms 1/10, 1/30 at 30% gross profit. sold was $2,100. 26. Sold merchandise for cash, $8,000 at 15% gross profit. 30. Received merchandise returned by Wilcox Co. Pro sale on September 24, $2,000 30. Purchased merchandise from EFG Company, list price $ 8000 trade discount 20%, terms FOB Shipping Point. Instructions: Journalize the transactions for the Lampco Inc. 30 31 32