Prepare the journal entries to record the following purchase transactions in Carla Vista Companys books. Carla Vista
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Question:
Prepare the journal entries to record the following purchase transactions in Carla Vista Company’s books. Carla Vista uses a perpetual inventory system.
Mar. 12 | Carla Vista purchased $18,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination. | |
13 | The correct company paid freight costs of $235. | |
14 | Carla Vista returned $2,000 of the merchandise purchased on March 12 because it was damaged. | |
21 | Carla Vista paid the balance owing to Dalibor. |
(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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