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Question 1 [20 points] Prepare journal entries for June, 2014 to record the following transactions for United Corporation. Assume a perpetual inventory system. Enter the
Question 1 [20 points] Prepare journal entries for June, 2014 to record the following transactions for United Corporation. Assume a perpetual inventory system. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (.e.. January 15 would be 15/Jan). a. June 2: United Corporation purchased merchandise from Courtland Corp. for $8,700 under credit terms of 2/10, n/60, FOB destination b. June 5: Received a $1,900 credit memorandum acknowledging the return of merchandise purchased on June 2. C. June 8: United Corporation purchased supplies by paying $8,000. d. June 20: United Corporation purchased merchandise on credit from Global Filter Corp., terms 2/15, n/60, $6,200, FOB destination e. June 29: Paid Courtland Corp. the amount due from the June 2 purchase. f. June 30: Paid Global Filter Corp. the amount due from the June 20 purchase. Please use the 't' and '-' buttons to change the number of accounts (if necessary) for each journal entry. General Journal Date Account/Explanation F Debit Credit Page GJ8 + + + + 11:11 PM 2021-12-15 I GENG 34% 48F Corp. the amount due from the June 2 purchase. f. June 30: Paid Global Filter Corp. the amount due from the June 20 purchase. 1/60, 56,200, FOB destination. Please use the 't' and '-' buttons to change the number of accounts (if necessary) for each journal entry. General Journal Page GJ8 Date Account/Explanation F Debit Credit + N SUBMIT AND MARK Official Time: 23:12:09 10 O AT 34% 48F Tino hare to search
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