WP:$107$

WPH$07$

Question $5$ of $6$

$\frac{2}{6}$

Question $5$ of $6$

$\frac{3\mathrm{.}11}{6}$

Some of the transactions of Bramble Company during August are listed below. Bramble uses the periodic inventory method.

August $10$ Purchased merchandise on account, $$11,100,$ terms $\frac{2}{10},\frac{n}{30}.$

$13$ Returned part of the purchase of August $10,$$$1,200,$ and received credit on accc

$15$ Purchased merchandise on account, $$15,700,$ terms $\frac{1}{10},\frac{n}{60}.$

$25$ Purchased merchandise on account, $$19,300,$ terms $\frac{2}{10},\frac{n}{30}.$

$28$ Paid invoice of August $15$ in full.

$($a$1)$

Your answer is correct.

Assuming that purchases are recorded at gross amounts and that discounts are to be recorded when taken:

Prepare general journal entries to record the transactions. $($If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries befor entries.$)$

Date

Account Titles and Explanation

Debit

Debit

Assuming that purchases are recorded at net amounts and that discounts lost are treated as financial expenses:

Prepare general journal entries to enter the transtions. $($If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when $$mount is entered. Qo not indent manually. List all debit entries before credit entries.$)$

$\backslash$table$[[$bate$,$Account Titles and Explanation,Debit$],[1,$Purchases,$11900]]$

Accounts Payable

$1$ Accounts Payable

Purchase Returns and Allowances

$1$ Purchases

$1\mathrm{.}4$ Purchases

$20500$

Accounts Payable

Accounts Pavable