P4-5 sales and purchase-related transactions for seller and buyer the following selected transactions were completed during june between snipes company and beejoy company:

june 8. snipes company sold merchandise on account to beejoy company, $18,250, terms fob destination, 2/15, n/eom. the cost of the merchandise sold was $10,000.

8. snipes company paid transportation costs of $400 for delivery of merchandise sold to beejoy company on. june 8.

12. beejoy company returned $5,000 of merchandise purchased on account on june 8 from snipes company. the cost of the merchandise returned was $3,000. 23. beejoy company paid snipes company for purchase of june 8, less discount and less return of june 12.

24. snipes company sold merchandise on account to beejoy company, $15,000, terms fob shipping point, n/eom. the cost of the merchandise sold was $9,000. 26. beejoy company paid transportation charges of $375 on june 24 purchase from snipes company.

30. beejoy company paid snipes company on account for purchase of june 24.

how would this l be done if it was put in a framework?

In the books of Snipes Company following transactions would be made

Date                   Account                                   Dr                Cr

June 8              Beejoy Company                $ 18,250

                         Sales                                                        $ 18,250

( 2/15 . n/oem 2 % discount for payment with in fifteen days   )

June 8.             Freight Charges                 $ 400

                              Cash                                                   $ 400  

June 12         Cash                                  $ 12, 985

                   Sales returns                        $ 5000    

                    Discount Allowed                 $ 265

                         Beejoy Company                                      $ 18250

To record the cash payment for $ 13250 and discount is 2 % of $ 13 250 is $ 265

June 24.      Beejoy Company                 $15,000

                       Sales                                                            $ 15,000

Sale made on account to Beejoy Company n/oem

June 24           Cash                                  $ 375

                          Freight Charges                                        $ 375

Payment of freight by Beejoy company

June 30          Cash                                    $ 14700

                      Discount Allowed                 $ 300

                            Beejoy Company                             $ 15,000

Discount of 2 % on $ 15000 is $ 300

Recording of payment made be Beejoy Company

answer; i believe the correct answer is (a) purchase of treasury stock;

answer; ///product strategy;