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Purchase - Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Niles Co . during March of the current year: Mar.
PurchaseRelated Transactions Using Perpetual Inventory System The following selected transactions were completed by Niles Co during March of the current year: Mar. Purchased merchandise from Haas Co $ terms FOB shipping point, neom Prepaid freight of $ was added to the invoice. Purchased merchandise from Whitman Co $ terms FOB destination, Paid Haas Co for invoice of March Purchased merchandise from Jost Co $ terms FOB destination, Issued debit memo to Jost Co for $ of merchandise returned from purchase on March Purchased merchandise from Fairhurst Company, $ terms FOB shipping point, eom. Paid freight of $ on March purchase from Fairhurst Company. Purchased merchandise from Bickle Co $ terms FOB destination, Paid Jost Co for invoice of March less debit memo of March Paid Bickle Co for invoice of March Paid Fairhurst Company for invoice of March Paid Whitman Co for invoice of March Required: Journalize the entries to record the transactions of Britt Co for March. Mar. i Mar. Mar. Mar. Mar. Mar. purchase Mar. freight Mar. Mar. Mar. Mar. Fairhurst Mar. Whitman
PurchaseRelated Transactions Using Perpetual Inventory System
The following selected transactions were completed by Niles Co during March of the current year:
Mar. Purchased merchandise from Haas Co $ terms FOB shipping point, neom Prepaid freight of $ was added to the invoice.
Purchased merchandise from Whitman Co $ terms FOB destination,
Paid Haas Co for invoice of March
Purchased merchandise from Jost Co $ terms FOB destination,
Issued debit memo to Jost Co for $ of merchandise returned from purchase on March
Purchased merchandise from Fairhurst Company, $ terms FOB shipping point, eom.
Paid freight of $ on March purchase from Fairhurst Company.
Purchased merchandise from Bickle Co $ terms FOB destination,
Paid Jost Co for invoice of March less debit memo of March
Paid Bickle Co for invoice of March
Paid Fairhurst Company for invoice of March
Paid Whitman Co for invoice of March
Required:
Journalize the entries to record the transactions of Britt Co for March.
Mar.
i
Mar.
Mar.
Mar.
Mar.
Mar. purchase
Mar. freight
Mar.
Mar.
Mar.
Mar. Fairhurst
Mar. Whitman
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