Purchased merchandise from Haas Co., $43,250, terms FOB Mar. shipping point, 2/10, n/eom. Prepaid freight of $650 was added 1. to the invoice. Purchased merchandise from Whitman Co., $19,175, terms FOB 5. destination, n/30. 10. Paid Haas Co. for invoice of March 1. Purchased merchandise from Jost Co., $15,550, terms FOB 13. destination, 2/10, n/30. Issued debit memo to Jost Co. for $3,750 of merchandise 14. returned from purchase on March 13. Purchased merchandise from Fairhurst Company, $13,560, 18. terms FOB shipping point, n/com. Paid freight of $140 on March 18 purchase from Fairhurst 18. Company. Purchased merchandise from Bickle Co., $6,500, terms FOB 19. destination, 2/10, n/30. Paid Jost Co. for invoice of March 13 less debit memo of March 23. 14. 29. Paid Bickle Co. for invoice of March 19. 31. Paid Fairhurst Company for invoice of March 18. 31. Paid Whitman Co. for invoice of March 5.
Purchased merchandise from Haas Co., $43,250, terms FOB Mar. shipping point, 2/10, n/eom. Prepaid freight of $650 was added 1. to the invoice. Purchased merchandise from Whitman Co., $19,175, terms FOB 5. destination, n/30. 10. Paid Haas Co. for invoice of March 1. Purchased merchandise from Jost Co., $15,550, terms FOB 13. destination, 2/10, n/30. Issued debit memo to Jost Co. for $3,750 of merchandise 14. returned from purchase on March 13. Purchased merchandise from Fairhurst Company, $13,560, 18. terms FOB shipping point, n/com. Paid freight of $140 on March 18 purchase from Fairhurst 18. Company. Purchased merchandise from Bickle Co., $6,500, terms FOB 19. destination, 2/10, n/30. Paid Jost Co. for invoice of March 13 less debit memo of March 23. 14. 29. Paid Bickle Co. for invoice of March 19. 31. Paid Fairhurst Company for invoice of March 18. 31. Paid Whitman Co. for invoice of March 5.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.1P: Purchase-related transactions The following selected transactions were completed by Epic Co. during...
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Purchase-related transactions using perpetual inventory system
The following selected transactions were completed by Niles Co. during
March of the current year:
Instructions
journalize the entries to record the transactions of Niles Co. for March
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