Information related to Windsor, Inc. is presented below. 1. On April 5, purchased merchandise on account from Pina Colada Company for $27,900, terms 4/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $700 on merchandise purchased from Pina Colada.
3. On April 7, purchased equipment on account for $28,800.
4. On April 8, returned $3,900 of merchandise to Pina Colada Company.
5. On April 15, paid the amount due to Pina Colada Company in full.

Required:
a. Prepare the journal entries to record these transactions on the books of Windsor, Inc. under a perpetual inventory system.
b. Prepare the journal entries to record these transactions on the books of Windsor, Inc. under a perpetual inventory system.

April 5

Dr Inventory $27,900

Cr Accounts Payable $27,900

April 6

Dr Inventory $700

Cr Cash $700

April 7

Dr Equipment $28,800,

Cr Accounts Payable $28,800

On April 8

Dr Accounts Payable $3,900

Cr Inventory $3,900

On April 15

Dr Accounts Payable (Inventory before discounts) $24,000

Cr Cash (Inventory after discounts) $23,040

Cr Inventory (discounts) $960

Explanation:

Preparation of the journal entries to record these transactions on the books of Windsor, Inc. under a perpetual inventory system.

April 5

Dr Inventory $27,900

Cr Accounts Payable $27,900

April 6

Dr Inventory $700

Cr Cash $700

April 7

Dr Equipment $28,800,

Cr Accounts Payable $28,800

On April 8

Dr Accounts Payable $3,900

Cr Inventory $3,900

On April 15

Dr Accounts Payable (Inventory before discounts) $24,000

($27,900 - $3,900 = $24,000)

Cr Cash (Inventory after discounts) $23,040

($24,000-$960)

Cr Inventory (discounts) $960

($24,000 * 0.04 = $960)

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

c

explanation: