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Question 5 Answer saved Marked out of 1 . 6 7 , P Flag question The following April transactions relate to CargoTranspo Inc. April 5

Question 5 Answer saved Marked out of 1.67,P Flag question
The following April transactions relate to CargoTranspo Inc.
April 5 Purchased inventory for $33,600, with terms 210,n30.
7 Returned $3,000 of inventory (damaged in shipment) to the supplier.
20 Paid $14,700( $15,000 of inventory less discount of $300) on account.
30 Paid the remaining accounts payable balance.
Required
\table[[Date,Account,Dr.,Cr.],[April 5,Inventory,33,600,0],[v,0,0],[To record purchase of inventory.,,],[April 7,vv,0,0],[,0,0],[To record inventory return,,],[April 20,,0,0],[vv,0,0],[vv,0,0],[To record payment within discount period,,],[April 30,v,0,0],[v,0,0],[To record payment after discount period,,]]
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