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Question 8 of 8 -/1 E At the beginning of June 2021, Bramble Distributing Company's ledger showed Cash $17,000, Merchandise Inventory $5,100, and D. Bramble, Capital $22,100. During the month of June, the company had the following selected transactions: June Purchased $8,800 of merchandise inventory from Sun Supply Co., terms 1/15, n/30, FOB destination. 1 2 The correct company paid $240 cash for freight charges on the June 1 purchase. 5 Sold merchandise inventory to Moose Jaw Retailers for $12.500. The cost of the merchandise was $7,700 and the terms were 2/10, n/30, FOB destination. 6 Issued a $1,000 credit for merchandise returned by Moose Jaw Retailers. The merchandise originally cost $616 and was returned to inventory. 6 The correct company paid $290 freight on the June 5 sale. 7 Purchased $770 of supplies for cash. 10 Purchased $4,250 of merchandise inventory from Fey Wholesalers. terms 2/10, n/30, FOB shipping point. 10 The correct company paid $110 freight costs on the purchase from Fey Wholesalers. 12 Received a $300 credit from Fey Wholesalers for returned merchandise. er 5 -71 E Question 8 of 8 The correct company paid $110 freight costs on the purchase from Fey Wholesalers. 10 Received a $300 credit from Fey Wholesalers for returned merchandise. 12 14 Paid Sun Supply Co. the amount due. Collected the balance owing from Moose Jaw Retailers. 15 Sold merchandise for $7.100 cash. The cost of this merchandise was $4,600. 19 20 Paid Fey Wholesalers the balance owing from the June 10 purchase. 25 Made a $460 cash refund to a cash customer for merchandise returned. The returned merchandise had a cost of $298. The merchandise was damaged and could not be resold. 30 Sold merchandise to Bauer & Company for $4,400. terms 30.FOB shipping point. Bramble's cost for this merchandise was $2.900. Question 8 of 8 - 71 6 10 11 10 31 12 01 14. 11 19 1 20 J1 30 Sales Date Explanation Ref. Debit Credit Balance Question 8 of 8 - / 1 Sales Date Explanation Ref. Debit Credit Balance June 5 J1 19 J1 30 J1 Sales Returns and Allowances Date Explanation Ref. Debit Credit Balance June 6 J1 25 J1 Sales Discounts Date Explanation Ref. Debit Credit Balance Question 8 of 8 -/1 E 2 Sales Discounts Date Explanation Ref. Debit Credit Balance June 15 Cost of Goods Sold Date Explanation Ref. Debit Credit Balance June 5 1 6 11 19 J1 30 J1 Question 8 of 8 - / 1 BRAMBLE DISTRIBUTING COMPANY Income Statement (Partial) $ $ $ prer 5 -/1 E Question 8 of 8