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Take me to the text All The Beds received a shipment of bed sheets on September 6, 2019. The value of the bed sheets was

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Take me to the text All The Beds received a shipment of bed sheets on September 6, 2019. The value of the bed sheets was $13.000 and the sheets were shipped FOB shipping point Freight charges came to $440. This company uses the perpetual inventory system Do not enter dollar signs or commas in the input boxes. Required a) Prepare the journal entry to record the receipt of goods by All The Beds, assuming the payment will be made in October, Date Account Title and Explanation Debit Credit 2019 Sep 6 Purchased inventory b) The bed sheets delivered to All The Beds were the wrong material. After some negotiation, the manager agreed to keep the products with a 17% allowance. Prepare the journal entry on September 26, 2019 to record the purchase allowance. Assume that all bed sheets are still in inventory. Allowances are not granted on freight charges. Date Account Title and Explanation Debit Credit 2019 Sep 26 Purchase Allowance c) Journalize the transaction for Al The Beds when the payment is made on October 6, 2019

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