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Record journal entries for the following purchase transactions of Flower Company. Oct. 13 Purchased 85 bushels of flowers with cash for $1,300. Oct. 20 Oct.
Record journal entries for the following purchase transactions of Flower Company. Oct. 13 Purchased 85 bushels of flowers with cash for $1,300. Oct. 20 Oct. 30 Purchased 260 bushels of flowers for $30 per bushel on credit. Terms of the purchase are 5/10, n/30, invoice dated October 20. Paid account in full from the October 20 purchase. If an amount box does not require an entry, leave it blank. Assume the perpetual inventory system is used. Oct. 13 Oct. 20 Oct. 30
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