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Question 1 Hydrangea is a company that uses perpetual inventory. The towershend Customer buys 10 refrigerators at $750 each on terms of 1/15 et 45.
Question 1 Hydrangea is a company that uses perpetual inventory. The towershend Customer buys 10 refrigerators at $750 each on terms of 1/15 et 45. The 2 Jan rate is 45 5-Jan Customer returns 2 refrigerators 7-Jan Customer gets allowance of 15%. 8-Jan Customer pays in full for order above. 14-Jan Company pays $450 to ship the order to the customer. 15-Jan Company buys 15 stoves from a vendor at $450 each on terms of 2/10 Net 30. 17-Jan Company returns 3 stoves because of defects. 18-Jan Vendor gives allowance of 10% for stove order. 23-Jan Company pays in full for stove order. 24-Jan Company pays freight on stove order of $450. Prepare the journal entries the sample answer table. M
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