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Purchase leated Tractions Journal entries for the following related transactions of the Chinery an leave it bank) a. Purchased $36,000 of merchandise from schel content
Purchase leated Tractions Journal entries for the following related transactions of the Chinery an leave it bank) a. Purchased $36,000 of merchandise from schel content Inventory 47.520 X Accounts Payabile Schello 41520 X Ch Apurchasincross verythem that is is. Paid the amount owed on the Accounts Payable-schell 47330 x 41.520 X Cash Wow Malow Discovered that merchandise with an invoke amount of $9.000 purchase(s) was detective and recent Accounts Payable Schell Co. 7425 X Inventory 7435X Check My Work c. This transaction reduces Inventory and the Accounts Payable. Since this return was made werment was the of returned goods less the discount . Purchased $5,000 of merchandise from Schell Co on account, terms w/10 Inventory 6.000 x 4.000 x Accounts Payable Schell Co. Feedback Check My Work d. A purchase increases Inventory and Accounts Payable, Received a refund from Schell Co, for return in (c) less the purchase an (d) Cash 1,25 x 1425 x Accounts Payable-Schell Co. STUS Accounts Payable Schell Co. 6,000 X 6,000 X CO CW d. A purchase increases Inventory and Accounts Payable e. Received a refund from Schell Co, for return in (c) less the purchase in Cash 1.425 X Accounts Payable-Schell Co. 1425 x Fudback
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