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Question #1 The following purchase related activities occurred for BCIT Co for the month of June, 2021. June 10, BCIT Co. purchased $9,000 of
Question #1 The following purchase related activities occurred for BCIT Co for the month of June, 2021. June 10, BCIT Co. purchased $9,000 of merchandise from Vancouver Company, on account, terms 3/10, n/30. June 11, BCIT Co. pays the freight costs of $400 for the purchase on June 10. June 12, Goods totaling $600 are returned to Vancouver Company for credit. June 19, BCIT Co., with lots of cash, pays Vancouver Company for the June 10 purchase. Required: Use a tabular summary to record the above transactions on the books of BCIT Co. Assets Liabilities and Shareholders' Equity Date Cash Inventory Accounts Payable Common Revenue Expenses Dividends Stock
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