Business, 30.05.2020 05:01 mistytownsend1952
Journalize all necessary transactions in the order they are presented in the transaction list. (Record debits first, then credits. Exclude explanations from journal entries. Round all numbers to the nearest whole dollar.)
Sep. 4 Purchased inventory of $6,600 on account from Morris Appliance Wholesale,
an appliance wholesaler. Terms were 1/15, n/30, FOB shipping point.
4 Paid freight charges, $600.
Oct. 4 Returned $500 of inventory to Morris.
14 Paid Morris Appliance, less return.
16 Purchased inventory of $3.600 on account from Suarez Diamonds, a jewelry
importer Terms were 2/10, n/EOM, FOB destination.
24 Paid Suarez Diamonds, less allowance and discount.
Answers: 3
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Journalize all necessary transactions in the order they are presented in the transaction list. (Reco...
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