Chapter 7 Post-Class Homework X *Course Hero X Mail - Amna Malik - Outlook X + X C O & https://www.ameengage.com/mod/quiz/attempt.php?attempt=3920522&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 Not checked All The Beds received a shipment of bed sheets on September 6, 2019. The value of the bed sheets was $13,000 and the sheets were shipped FOB Marked out of shipping point. Freight charges came to $440. This company uses the perpetual inventory system. 12.0 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 October. Date Account Title and Explanation Debit Credit 2019 Sep 6 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 17% allowance. Prepare the journal entry on September 26, 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 Sep 26 + Purchase Allowance Contact us! c) Journalize the transaction for All The Beds when the payment is made on October 6, 2019. 7'C Mostly cloudy 6:42 PM Type here to search W ENG 2022-04-17Chapter 7 Post-Class Homework X *Course Hero X Mail - Amna Malik - Outlook X + X C O & https://www.ameengage.com/mod/quiz/attempt.php?attempt=3920522&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 17% allowance. Prepare the journal entry on September 26, 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 Sep 26 Purchase Allowance c) Journalize the transaction for All The Beds when the payment is made on October 6, 2019. Date Account Title and Explanation Debit Credit 2019 Oct 6 + 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 w 20 7'C Mostly cloudy ~ E 6:42 PM ENG 2022-04-17