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The following information is related to Skysong, Inc. 1. 2. 3. 4. 5. Prepare the journal entries to record the preceding transactions on the books
The following information is related to Skysong, Inc. 1. 2. 3. 4. 5. Prepare the journal entries to record the preceding transactions on the books of Skysong, Inc. using a periodic inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. On April 5, purchased merchandise on account from Concord Company for $16,800, terms 3/10, net/30, FOB shipping point. On April 6, paid freight costs of $890 on merchandise purchased from Concord. On April 7, purchased equipment on account from Holifield Mfg. Co. for $32,600. On April 8, returned merchandise, which cost $3,000, to Concord Company. On April 15, paid the amount due to Concord Company in full. 1. Date Account Titles and Explanation + Debit Credit SUPPORT
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