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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: Date
Purchaserelated transactions using perpetual inventory system
The following selected transactions were completed by Niles Co during March of the current year:
Date Transaction
Mar. Purchased merchandise from Haas Co $ terms FOB shipping point, n Prepaid freight of $ was added to the invoice.
Purchased merchandise from Whitman Co $ terms FOB destination, neom
Paid Haas Co for invoice of March
Purchased merchandise from Jost Co $ terms FOB destination, n
Issued debit memo to Jost Co for merchandise with an invoice amount of $ returned from purchase on March
Purchased merchandise from Fairhurst Company, $ terms FOB shipping point, neom
Paid freight of $ on March purchase from Fairhurst Company.
Purchased merchandise from Bickle Co $ terms FOB destination, n
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
journalize the entires
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