Using the information below, put the transactions in pro forma and complete the required journal entries, posting,
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Question:
Using the information below, put the transactions in pro forma and complete the required journal entries, posting, and check your work with a trial balance. Use the Word document OR the Excel template provided in Blackboard.
Jul The company purchased merchandise from Riggs Rivets for $ under credit terms n
Jul Sold merchandise to LG Motors worth $ for $ under credit terms of n FOB Shipping Point
Jul Paid for the merchandise purchased on July within the discount period
Jul Paid $ cash for freight charges on the purchase from July
Jul Received the balance due from LG Motors for the invoice dated July less the discount.
Jul Purchased more merchandise from Riggs Rivets for $ under credit terms n FOB Destination Point
Jul Sold merchandise that cost $ for $ cash
Jul Returned $ worth of merchandise purchased on July
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