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PUSSIT Consider the following transactions for Garman Packing Supplies (Click the icon to view the transactions.) Requirements 1. Joumalize the purchase transactions assuming Garman Packing
PUSSIT Consider the following transactions for Garman Packing Supplies (Click the icon to view the transactions.) Requirements 1. Joumalize the purchase transactions assuming Garman Packing Supplies uses the periodic inventory system Explanations are not required 2. What is the amount of net purchases Requirement 1. Journalize the purchase transactions as entries.) Data Table fir Apr. 10 Garman Packing Supplies buys $145,000 worth Date Accounts Apr. 10 Apr. 10 Garman Packing Supplies buys 5145,000 worth of merchandise Inventory on account with credit terms of 1/10 n/30 Garman returns $11,000 of the merchandise to the vendor due to damage during Apr. 12 shipment Garman paid the amount due, less the return and discount Apr. 19 Apr 12. Garman returns $11,000 of the merchandise to Print Done Date Accounts Apr 12 Requirements 1. Journalize the purchase transactions assuming Garman Packing Supplies uses the periodic inventory system. Explanations are not required 2. What is the amount of net purchases? Requirement 1. Journalize the purchase transactions assuming Garman Packing Supplies uses the periodic inventory system. Explanations are entries.) Apr. 10: Garman Packing Supplies buys 5145,000 worth of merchandise Inventory on account with credit terms of 1/10, 1/30. Date Accounts Debit Credit pr. 10 4 -pr. 12Garman returns $11,000 of the merchandise to the vendor due to damage during shipment, Date Accounts Debit Credit pr. 12 Consider the following transactions for Garman Packing Supplies (Click the icon to view the transactions.) Requirements 1. Jourmalize the purchase transactions assurning Garnan Packing Supplies uses the periodic inventory system. Explanations are 2. What is the amount of net purchases? C. Date Accounts Debit Credit Apr. 12 Apr 19 Garman paid the amount due, less the return and discount Date Accounts Debit Credit Apr 19 Requirement 2. What is the amount of net purchases? Tha anunt af nel nurchases
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