Journalize each of the following transactions assuming a perpetual inventory system. Aug. 2 Purchased $14,000 of merchandise
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Aug. 2 Purchased $14,000 of merchandise inventory; terms 1 /5, n/15.
4 Received a credit memorandum from the supplier confirming a $1,500 allowance regarding the August 2 purchase.
17 Paid for the August 2 purchase, less the allowance.
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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