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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 The following informstion is related to Skysong, inc 1. On April 5, purchased merchandise on account from Concord Company for $16,800, terms 3/10, net/30, FOB shipping point. 2 On April 6, paid freight costs of 5890 on merchandise purchased from Concord. 3. On April 7. purchased equipment on account from Holifield Mfg. Co. for $32,600. 4. On April 8, returned merchandise, which cost $3.000, to Concord Company. 5. On April 15, paid the amount due to Concord Company in full. Prepare the journal entries to record the preceding transactions on the books of Skysong. Inc. using a periodicinentory system (Credit occount titles are automatically indented when amount is entered. Do not indent masually. If no entry is. required, select "No Entry" for the neeeunt titles and enter o for the amounts.) Assume that Skysong, Inc, paid the balance due to Concord Compary on May 4 instead of April 15. Prepare the journal entry to record thls payment. (Credit account titles are automotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amountsi) Assume that Skysone. Inc. paid the balance due to Concord Company on May 4 instead of Aprit 15. Prepare the joumal entry to recocd this payment. (Credit account titles are automatically indented when amount is entered. Do not indent manual, II no entry is required, select 'No Entry' for the account titles and enter o for the amounts) Prepare the journal entries to record the preceding transactions on the books of Skysong. Inc using a periodic imventory system (Credit account titles are outomatically indented when amount is entered. Do not indeat moneally. If ne entry is required, select "No Entry" for the account titles and enter of or the amounts)
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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