Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Purchased $ 17,000 of

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Journalize each of the following transactions assuming a perpetual inventory system.
Feb. 1 Purchased $ 17,000 of merchandise inventory; terms 1 /10, n/30.
5 Purchased for cash $8,200 of merchandise inventory.
6 Purchased $22,000 of merchandise inventory; terms 2/15, n/45.
9 Purchased $1,900 of office supplies; terms n/15.
10 Contacted a major supplier to place an order for $200,000 of merchandise in exchange for a 30% trade discount to be shipped on April 1 FOB destination.
11 Paid for the merchandise purchased on February 1.
24 Paid for the office supplies purchased on February 9.
Mar. 23 Paid for the February 6 purchase.
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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