Question
This information relates to Sandhill Co.. 1. On April 5, purchased merchandise from Carla Vista Company for $25,400, terms 2/10, n/30. 2. On April 6,
This information relates to Sandhill Co..
1. | On April 5, purchased merchandise from Carla Vista Company for $25,400, terms 2/10, n/30. | |
2. | On April 6, paid freight costs of $660 on merchandise purchased from Carla Vista Company. | |
3. | On April 7, purchased equipment on account for $32,900. | |
4. | On April 8, returned $3,700 of April 5 merchandise to Carla Vista Company. | |
5. | On April 15, paid the amount due to Carla Vista Company in full. |
(a) Prepare the journal entries to record the transactions listed above on Sandhill Co.s books. Sandhill Co. uses a perpetual inventory system. (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. Record journal entries in the order presented in the problem.)
No. | Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|---|
1. | choose a transaction date April 5April 6April 7April 8April 15May 4 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | ||
2. | choose a transaction date April 5April 6April 7April 8April 15May 4 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | ||
3. | choose a transaction date April 5April 6April 7April 8April 15May 4 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | ||
4. | choose a transaction date April 5April 6April 7April 8April 15May 4 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | ||
5. | choose a transaction date April 5April 6April 7April 8April 15May 4 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | ||
enter an account title | enter a debit amount | enter a credit amount |
(b) Assume that Sandhill Co. paid the balance due to Carla Vista Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (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. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date April 5April 6April 7April 8April 15May 4 | enter an account title |
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