Questions 1.)

On June 10 , Cheyenne Corp. purchased $7,450 of merchandise on account from Bramble Company, FOB shipping point, terms 2//10, n//30. Cheyenne Corp. pays the freight costs of $560 on June 11 . Goods totaling $650 are returned to Bramble for credit on June 12 . On June 19, Cheyenne Corp. pays Bramble Company in full, less the purchase discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction on the books of Cheyenne Corp.

Form should be like this please

Date Accounts and Titles Debit Credit

Question 2.)

Prepare separate entries for each transaction for Bramble Company. The merchandise purchased by Cheyanne Corp on June 10 cost Bramble $4,800 , and the goods returned cost Bramble $268.

Format for this question

Date Account Titles and explanation Debit Credit