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Wildhorse's Motors had the following purchase transactions in December. Dec. 4 Purchased $8,800 of merchandise on account from Engine Central, terms 4/15, net 30 .
Wildhorse's Motors had the following purchase transactions in December. Dec. 4 Purchased $8,800 of merchandise on account from Engine Central, terms 4/15, net 30 . 7 Wildhorse returned $1,300 of merchandise because he changed his mind and wanted to order a different type of engine. 16 Wildhorse paid the balance owing to Blossom Central. Prepare the journal entries to record the purchase transactions on the books of Wildhorse's Motors using a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)
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