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Q2. Journalize the merchandising operations below using periodic system for both sides: a. Buyer Transactions Purchased merchandise for $6.000 plus $ 200 freight on account.
Q2. Journalize the merchandising operations below using periodic system for both sides: a. Buyer Transactions Purchased merchandise for $6.000 plus $ 200 freight on account. b. Purchased merchandise on account for $7.500 with credit terms 1/10, n30. c. Purchased merchandise on account for $4.000. d. Return of the merchandise in (c) of sales price of $2.000. e. Paid within the discount period for merchandise in (b). f. Paid for merchandise in (c). a. Seller Transactions Beginning inventory is $15.000. b. Sold merchandise on account at $6.000. Sold merchandise on account for $7.500 with credit terms 1/10, n/30. d. Sold merchandise on account for $4.000 plus $200 freight. e. Received a return of the merchandise in (c) of sales price of $2.000. f. Received payment within the discount period for merchandise in (c). (take the return into account) g Received payment for merchandise in (d). h. Ending inventory is $5.750. o u saob
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