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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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