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This information relates to Monty Corporation. 1. On April 5, purchased merchandise from Grouper Inc. for $23,900, terms 2/10,n/30. 2. On April 6, paid freight
This information relates to Monty Corporation. 1. On April 5, purchased merchandise from Grouper Inc. for $23,900, terms 2/10,n/30. 2. On April 6, paid freight costs of $1,000 on merchandise purchased from Grouper. 3. On April 7purchased equipment on account for $27,100. 4. On April 8, returned some of April 5 merchandise to Grouper that cost $3,500, 5. On April 15, paid the amount due to Grouper in full. Monty uses a perpetual inventory system. This information relates to Monty Corporation. 1. On April 5, purchased merchandise from Grouper Inc. for $23,900, terms 2/10,n/30. 2. On April 6, paid freight costs of $1,000 on merchandise purchased from Grouper. 3. On April 7purchased equipment on account for $27,100. 4. On April 8, returned some of April 5 merchandise to Grouper that cost $3,500, 5. On April 15, paid the amount due to Grouper in full. Monty uses a perpetual inventory system
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