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Record the above transactions in journal or ledger. 1. The Sun company had the following transactions during February Februry 1 Purchased 280 units of flowers
Record the above transactions in journal or ledger.
1. The Sun company had the following transactions during February Februry 1 Purchased 280 units of flowers $13 each. The credit terms were 3/8; n/30. The transportation cost was $100, FOB destination point Februry 2 The Sun company returned 30 flowers because they were wrong. Februry 3 Sun company sold 50 flowers at $30 each. The credit terms were 5/5, n/30. The transportation cost was $80, FOB destination point. Februry 4 The sun company received 5 flowers as a return from their sales on February 3. Februry 5 The Sun company borrowed $15,000 from the bank. Februry 6 The Sun company received a payment for their sales on February 3. Februry 7 The Sun company paid for their purchase from February 1
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