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sactions in this problem are the same as in the previous problem PERIODIC: In the space below. journalize the following transactions for Daisy Company using
sactions in this problem are the same as in the previous problem PERIODIC: In the space below. journalize the following transactions for Daisy Company using the periodic Inventory system. Dates are provided. Descriptions are not required. NOTE: Not all lines will be used Nov. 5 Purchased merchandise on account from Paper Creek Co. $51.750, terms FOB shipping point, 2/10, 1/30, with prepaid freight of $780 added to the invoice. Nov. 8 Sold merchandise on account to Karter Co. 516,380 with terms /15. The cost of the merchandise sold was $9,820. Nov. 15 Paid Paper Creek Co. for purchase of November 5. Nov. 23 Received cash from sale of November 8 to Karter Co. PERIODIC Date Account DR CR Nov 5 Date Account DR CR Date Account DR CR Nov 8 Date Account DR CR Nov 15 Date Account DR CR New 23
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