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Question 1 of 6 Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Pina Colada Inc.'s books. Pina Colada

Question 1 of 6 Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Pina Colada Inc.'s books. Pina Colada uses a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Jan. 2 6 Feb. 11 Date Pina Colada purchased goods for $41,400 from Fundy Corp., terms n/45, FOB destination. The appropriate company paid freight costs of $840. Pina Colada returned $5,520 of the goods purchased on January 2, because they were not needed. Pina Colada paid the balance owed to Fundy. Account Titles and Explanation -14 E Debit Credit ;

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