Question
Transactions that took place during the month of October for Pear Merchandising Company are as follows. Journalize the transactions of Pear Merchandising Company. Oct. 3
Transactions that took place during the month of October for Pear Merchandising Company are as follows. Journalize the transactions of Pear Merchandising Company.
Oct. 3
Purchased 4,000 units of merchandise for $ 800,000, n/30; 3/10,FOB Destination.
Oct. 7
Purchased 2,000 units of merchandise for $ 400,000, n/45; 5/10, FOB Shipping point.
Paid $2,000 for transportation.
Oct. 12
Oct.15
Paid for the merchandise purchased on October 3.
Sold 600 units of merchandise-purchased on October 3, for $240,000, n/30; 4/10, FOB Destination. Paid $1,000 for the transportation.
Oct. 18
Received payment from the sale of October 15.
Oct. 20
Oct. 30
Sold 900 units of merchandise-purchased on October 7- for $ 360,0000; n/45; 5/10
FOB Shipping Point.
Paid for the merchandise purchased on October 7.
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