3. Review the following transactions for Birdy Birdhouses and record any required joumal entries Birdy Birdhouses purchases 55 birdhouses at $40 each with cash Birdy Birdhouses purchases 80 birdhouses at $45 each on credit. Terms of the purchase are 2/10, n/30, invoice date September 8. Birdy discovers 10 of the birdhouses are damaged from the Sep. 6 purchase and returns them to the supplier for a full refund Birdy also discovers that 10 of the birdhouses from the Sep. 8 purchase are painted the wrong color but keeps them sınce the supplier granted an allowance of $20 per birdhouse. Birdy pays allowances, and/or discounts. Sep. 6 Sep. 8 Sep. 10 Sep 18 their account in full from the September 8 purchase, less any returns,

3. Review the following transactions for Birdy Birdhouses and record any required joumal entries Birdy Birdhouses purchases 55 birdhouses at $40 each with cash Birdy Birdhouses purchases 80 birdhouses at $45 each on credit. Terms of the purchase are 2/10, n/30, invoice date September 8. Birdy discovers 10 of the birdhouses are damaged from the Sep. 6 purchase and returns them to the supplier for a full refund Birdy also discovers that 10 of the birdhouses from the Sep. 8 purchase are painted the wrong color but keeps them sınce the supplier granted an allowance of $20 per birdhouse. Birdy pays allowances, and/or discounts. Sep. 6 Sep. 8 Sep. 10 Sep 18 their account in full from the September 8 purchase, less any returns,

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 2PB: Record journal entries for the following transactions of Mason Suppliers. A. Sep. 8: Purchased 50...

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