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This information relates to Sarasota Corporation. 1. On April 5. purchased merchandise from Bridgeport Inc. for $24,900, terms 2/10, n/30. 2. On April 6. paid
This information relates to Sarasota Corporation. 1. On April 5. purchased merchandise from Bridgeport Inc. for $24,900, terms 2/10, n/30. 2. On April 6. paid freight costs of $700 on merchandise purchased from Bridgeport. 3. On April 7. purchased equipment on account for $29,700. 4. On April 8, returned some of April 5 merchandise to Bridgeport that cost $3,300. 5. On April 15. paid the amount due to Bridgeport in full. Sarasota uses a perpetual inventory system. Prepare the journal entries to record the transactions listed above on the books of Sarasota Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to the nearest whole dollar, eg. 5,725. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit
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