The following selected transactions were completed by Silvertree Company during January of the current year:
Jan. 1. Purchased merchandise from Guinn Co., $13,600, terms FOB destination, n/30.
3. Purchased merchandise from Cybernet Co., $18,000, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $300 was added to the invoice.
13. Paid Cybernet Co. for invoice of January 3, less discount.
31. Paid Guinn Co. for invoice of January 1.
Instructions
Journalize the entries to record the transactions of Silvertree Company for January, assuming the company uses the perpetual inventory system.