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this part has7 parts i will need the first as well as all 7 parts of this question as well Hayes Jewelers uses a perpetual

this part has7 parts

i will need the first as well as all 7 parts of this question as well

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Hayes Jewelers uses a perpetual inventory system and had the following purchase transactions. Journalize all necessary transactions. Explanations are not required. (Click the icon to view the transactions.) 2. Journalize all necessary transactions in the order they are presented in the transaction list. (Record debits first, then credits. Exclude explanations from journal entries. Round all numbers to the nearest whole dollar.) Jun. 20: Purchased inventory of $5,800 on account from Surry Diamonds, a jewelry importer. Terms were 2/15, n/45, FOB shipping point. Date Accounts Debit Credit Jun. 20 More info Jun. 20 Purchased inventory of $5,800 on account from Surry Diamonds, a jewelry importer. Terms were 2/15, n/45, FOB shipping point Jun. 20 Paid freight charges, $500. Jul. 4 Returned $600 of inventory to Surry. Jul. 14 Paid Surry Diamonds, less return. Jul. 16 Purchased inventory of $4,400 on account from Schmitt Diamonds, a jewelry importer. Terms were 2/10, n/EOM, FOB destination. Jul. 18 Received a $700 allowance from Schmitt Diamonds for damaged but usable goods. Jul. 24 Paid Schmitt Diamonds, less allowance and discount. Print Done

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