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Sandhill Electronics Store uses a perpetual Inventory system. The company had the following transactions in March. Mar. 167 Purchased $13,100 of merchandise from Venus
Sandhill Electronics Store uses a perpetual Inventory system. The company had the following transactions in March. Mar. 167 Purchased $13,100 of merchandise from Venus Distributors, terms 2/10, n/30, FOB destination. 18 Sandhill received an allowance of $850 for the merchandise purchased on March 16 because of minor damage to the goods (a) 25 Paid the balance due to e due to Venus For each transaction, prepare a journal entry to record the transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles Debit Credit
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