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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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