title: accounting 106

Prepare the journal entries to record the following purchase transactions in Carla Vista Company's books. Carla Vista uses a perpetual inventory system.

Mar. 12.Carla Vista purchased $17,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination.

13.The correct company paid freight costs of $235.

14.Carla Vista returned $2,000 of the merchandise purchased on March 12 because it was damaged.

21.Carla Vista paid the balance owing to Dalibor.