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question 14 Journalize the following transactions assuming a perpetual inventory system: May 5 Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30.

question 14

Journalize the following transactions assuming a perpetual inventory system:

May 5 Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30.
Prepaid freight costs of $100 were added to the invoice.
May 12 Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5.
May 14 Paid Archie Co. for invoice of May 5, less debit memo of May 12.

May 5 fill in the blank 2 fill in the blank 3
fill in the blank 5 fill in the blank 6
May 12 fill in the blank 8 fill in the blank 9
fill in the blank 11 fill in the blank 12
May 14 fill in the blank 14 fill in the blank 15
fill in the blank 17 fill in the blank 18

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