Chapter 7 Post-Class Homework X *Course Hero X Mail - Amna Malik - Outlook X G JP Supermarkets bought $2,840 X + X C O B https://www.ameengage.com/mod/quiz/attempt.php?attempt=3920244&cmid=1098469&page=2 Getting Started @ Determinants of Healt... G When forecasting over... Quizzes - 202241.1398... G A company is using an... @ Question 1 - MCH 7 -... New Tab French Toast Recipe w... New Tab B Harveys bread > > Other Bookmarks AME Engage English (en) Amna Malik Question 3 Quiz navigation Take me to the text Not checked All The Beds received a shipment of bed sheets on August 8, 2019. The value of the bed sheets was $13,000 and the sheets were shipped FOB shipping Marked out of point. Freight charges came to $350. This company uses the perpetual inventory system. 12.00 Flag Do not enter dollar signs or commas in the input boxes. question Required a) Prepare the journal entry to record the receipt of goods by All The Beds, assuming the payment will be made in September. Date Account Title and Explanation Debit Credit 2019 Aug 8 Purchased inventory b) The bed sheets delievered to All The Beds were the wrong material. After some negotiation, the manager agreed to keep the products with a 18% allowance. Prepare the journal entry on August 24, 2019 to record the purchase allowance. Assume that all bed sheets are still in inventory. Allowances are not granted on freight charges. Date Account Title and Explanation Debit Credit 2019 Aug 24 + Contact us! Purchase Allowance 4:41 PM Type here to search 20 8.C Sunny ENG 2022-04-17 (12)Chapter 7 Post-Class Homework X *Course Hero X Mail - Amna Malik - Outlook X G JP Supermarkets bought $2,840 X + X C O B https://www.ameengage.com/mod/quiz/attempt.php?attempt=3920244&cmid=1098469&page=2 Getting Started @ Determinants of Healt.. G When forecasting over... Quizzes - 202241.1398... G A company is using an... @ Question 1 - MCH 7 -... New Tab French Toast Recipe w... New Tab B Harveys bread >> Other Bookmarks AME Engage English (en) Amna Malik b) The bed sheets delievered to All The Beds were the wrong material. After some negotiation, the manager agreed to keep the products with a 18% allowance. Prepare the journal entry on August 24, 2019 to record the purchase allowance. Assume that all bed sheets are still in inventory. Allowances are not granted on freight charges. Date Account Title and Explanation Debit Credit 2019 Aug 24 + Purchase Allowance c) Journalize the transaction for All The Beds when the payment is made on September 8, 2019. Date Account Title and Explanation Debit Credit 2019 Sep 8 + Payment for the goods Check Note: The "check" button does not submit your attempt. To submit the attempt, go to the end of the quiz and click on the "submit all and finish" button. Contact us! Type here to search O w O 4:41 PM 8.C Sunny ENG 2022-04-17 (12)