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Purchase-Related Transactions The following selected transactions were completed by Britt Co. during October of the current year: Oct. 1. Purchased merchandise from Mable Co., $19,500,
Purchase-Related Transactions
The following selected transactions were completed by Britt Co. during October of the current year:
Oct. 1. | Purchased merchandise from Mable Co., $19,500, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $150 was added to the invoice. |
5. | Purchased merchandise from Conway Co., $15,600, terms FOB destination, n/30. |
10. | Paid Mable Co. for invoice of October 1, less discount. |
13. | Purchased merchandise from Larson Co., $10,800, terms FOB destination, 1/10, n/30. |
14. | Issued debit memo to Larson Co. for $2,100 of merchandise returned from purchase on October 13. |
18. | Purchased merchandise from Lakey Company, $10,750, terms FOB shipping point, n/eom. |
18. | Paid freight of $210 on October 18 purchase from Lakey Company. |
19. | Purchased merchandise from Adler Co., $8,300, terms FOB destination, 2/10, n/30. |
23. | Paid Larson Co. for invoice of October 13, less debit memo of October 14 and discount. |
29. | Paid Adler Co. for invoice of October 19, less discount. |
31. | Paid Lakey Company for invoice of October 18. |
31. | Paid Conway Co. for invoice of October 5. |
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