Question
Some of the transactions of Carla Company during August are listed below. Carla uses the periodic inventory method. August 10Purchased merchandise on account, $13,700, terms2/10,
Some of the transactions of Carla Company during August are listed below. Carla uses the periodic inventory method.
August 10Purchased merchandise on account, $13,700, terms2/10, n/30.13Returned part of the purchase of August 10, $1,200, and received credit on account.15Purchased merchandise on account, $18,500, terms1/10, n/60.25Purchased merchandise on account, $22,800, terms 2/10, n/30.28Paid invoice of August 15 in full.
(a1)
Assuming that purchases are recorded at gross amounts and that discounts are to be recorded when taken:
Prepare general journal entries to record the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Aug.10
Aug.13
Aug.15
Aug.25
Aug.28
please explain how to record the credit from 8/13
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