Question: Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Martinez Inc.'s books, assuming a periodic inventory system is

Current Attempt in Progress Prepare the journal entries to record the following

Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Martinez Inc.'s books, assuming a periodic inventory system is used. (List all debit entries before credit entries. 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 O for the amounts. Record journal entries in the order presented in the problem.) Martinez purchased goods for $44,100 from Fundy Corp., terms n/45, FOB destination. Jan. 2 5 The appropriate company paid freight costs of $900. 6 Martinez returned $5,880 of the goods purchased on January 2, because they were not needed. Feb. 11 Martinez paid the balance owed to Fundy. Date Account Titles and Explanation Debit Credit

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