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This information relates to Sandhill Co. 111 1 On April 5, purchased merchandise from Pronghorn Company for $24,900 on account, terms 4/10, net/30, FOB shipping
This information relates to Sandhill Co. 111 1 On April 5, purchased merchandise from Pronghorn Company for $24,900 on account, terms 4/10, net/30, FOB shipping point 2. On April 6, paid freight costs of $830 on merchandise purchased from Pronghorn Company 3. On April 7, purchased equipment on account for $33,400. 4. On April 8, returned $3,050 of the April 5 merchandise to Pronghorn Company 5. On April 15, paid the amount due to Pronghorn Company in full. (a) Prepare the journal entries to record these transactions on the books of Sandhill Co, using a periodic inventory system. (List all debit entries before credit entries. 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 O for the amounts.) Date Account Titles and Explanation here 30 search Debit Credit This information relates to Sandhill Co. 1. On April 5; purchased merchandise from Pronghorn Company for $24,900 on account. terms 4/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $830 on merchandise purchased from Pronghorn Company. 3. On April 7, purchased equipment on account for $33,400. 4. On April 8, returned $3,050 of the April 5 merchandise to Pronghorn Company. 5. On April 15, paid the amount due to Pronghorn Company in full. (a) Prepare the journal entries to record these transactions on the books of Sandhill Co. using a periodic inventory system. List all debit entries before credit entries. 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) Date Account Titles and Explanation Debit Credit 3:31 PM
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