January Transactions: Jan. 3 Purchased merchandise from Feng, $7,000. Invoice No. 416, dated January 1, terms 2/10, n/30. 12 Purchased merchandise from Miranda, $8,000. Invoice No. 624, dated January 10, terms n/30. 19 Purchased merchandise from J. B. Barba, $6,600. Invoice No. 190, dated January 18, terms 1/10, n/30. 26 Purchased merchandise from Ramirez, $4,100. Invoice No. 923, dated January 25, terms 1/15, n/30. Required: Journalize the transactions in a general journal.

January Transactions: Jan. 3 Purchased merchandise from Feng, $7,000. Invoice No. 416, dated January 1, terms 2/10, n/30. 12 Purchased merchandise from Miranda, $8,000. Invoice No. 624, dated January 10, terms n/30. 19 Purchased merchandise from J. B. Barba, $6,600. Invoice No. 190, dated January 18, terms 1/10, n/30. 26 Purchased merchandise from Ramirez, $4,100. Invoice No. 923, dated January 25, terms 1/15, n/30. Required: Journalize the transactions in a general journal.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 4E: Journalize the following transactions in general journal form. a. Bought merchandise on account from...

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Journalize the following transactions in general journal form. a. Bought merchandise on account from Brewer, Inc., invoice no. B2997, 914; terms net 30 days; FOB destination. b. Received credit memo no. 96 from Brewer, Inc., for merchandise returned, 238.
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