Question: Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Orlole Company's books. Oriole uses a perpetual eventory system Mar.
Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Orlole Company's books. Oriole uses a perpetual eventory system Mar. 12 Oriole purchased $20,000 of merchandise from Dalibor Company,terms 2/10, 1/30, FOB destination. 13 The correct company paid freight costs of $155. 14 Oriole returned $2,300 of the merchandise purchased on March 12 because it was damaged. 21 Oriole 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 for the amounts Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation (To record purchase on account.)
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