Question: 10 pts 17 of 19 (19 complete) es Jewelers uses a perpetual inventory system and had the following purchase transactions. Journalize all necessary transactions. Explanations are not required. (Click the icon to view the transactions.) Accounts Payable More Info Credit Jun 18: Received a $800 allowance from Smith for damaged but usable goods. Date Accounts Debit 1.18 Accounts Payable Merchandise Inwentory 20 Purchased Inventory of $5,600 on account from Surry Diamonds, a jewelry importer. Terms were 3/15, 1/45. FOB shipping point. 20 Paid freight charges, $600. 4 Returned $400 of inventory to Surry. 14 Paid Surry Diamonds, less return 16 Purchased Inventory of $4,200 on account from Smith Diamonds, a jewelry importer Terms were 1/10, VEOM, FOB destination 18 Received a $800 allowance from Smith for damaged but usable goods. 24 Paid Smith Diamonds, less allowance and discount. J. 24: Paid Smith Diamonds, less allowance and discount Date Accounts BW. 24 Accounts Payable Debet Credit Print Done] Merchandise Inventory Choose from any list or enter any number in the input fields and then continue to the next question Hayes Jewelers uses a perpetual Inventory system and had the following purchase transactions. Journalize all necessary transactions. Explanations are not required Click the icon to view the transactions.) Jun 20 Purchased Inventory of $5,600 on account from Surry Diamonds, awery importer Terms were 315, 14, Fosing point Accounts Debit Credit More Info Jun. 20 Merchandise Inventory Accounts Payable Jun 20 Purchased Inventory of $5.500 on account from Surry Diamonds, a wery importer Terms were 315, 45, FOB shipping point 20 Paid freight charges, 5600 Jun. 20: Paid freight charges $800. 4 Returned $400 of inventory to Surry. 14 Paid Surry Diamonds, loss return. Accounts Cred 16 Purchased inventory of $4200 on account from Smith Diamonds, Jun 20 Merchandise inventory jewelry importer Terms were 1/10, VEOM, FOB destination 18 Received a $800 a lowance from Smith for damaged but usable goods 24 Pad Smith Diamond, less lowance and discount 4 Retumed 5400 of invertory to Blurry Accounts Print Done Date Debit Crew Accounts Payable Choose from any intor enterary number in the input fields and then continue to the next question 0 ayes Jewelers uses a perpetual Inventory system and had the following purchase transactions. Journalize all necessary transactions. Explanations are not required. (Click the icon to view the transactions.) Date Accounts Debit Credit Accounts Payable 0 More Info Merchandise inventory Jun. Jul. 14: Paid Surry Diamonds, less retum. Date Accounts Jul 14 Accounts Payable Jul Debit Credit 20 Purchased Inventory of $5 600 on account from Surry Diamonds a welry importer Terms were 3/15, 145, FOB shipping point 20 Paid freight charges, 5600 4 Returned $400 of inventory to Surry 14 Paid Surry Diamonds, less retum. 16 Purchased Inventory of $4,200 on account from Smith Diamonds jewelry importer Terms were 1/10, VEOM FOB destination 18 Received a $200 allowance from Smith for damaged but usable 24 Paid Smith Diamonds, loss allowance and discount. M. 16: Purchased Inventory of $4,200 on account from Smith Diamonds, jewelry importer Terms were 1/10, VEOM, Debit Credit Print Dono Jul 18 Merchandise invervory ACCOUVs Payable 4200 Choose from any lost or enter any number in the input fields and then continue to the next
