Module 2: Merchandising Operations Refer to your tracking calendar for the due date. Using the information below, put the transactions in pro forma and complete the required journal entries, posting, and check your work with a trial balance. Use the Word document OR the Excel template provided in Blackboard. 2-Jul 1-Jul The company purchased merchandise from Riggs Rivets for $7,500 under credit terms 1/15, n/30 Sold merchandise to LG Motors worth $650 for $1050 under credit terms of 3/10, n/30, FOB Shipping Point 5-Jul 12-Jul 13-Jul 15-Jul Paid for the merchandise purchased on July 1 within the discount period Paid $55 cash for freight charges on the purchase from July 1. Received the balance due from LG Motors for the invoice dated July 2, less the discount. Purchased more merchandise from Riggs Rivets for $4,575 under credit terms 2/15, n/30 FOB Destination Point 17-Jul Sold merchandise that cost $1,000 for $1,700 cash 20-Jul Returned $250 worth of merchandise purchased on July 12 Module 3: Inventory

Module 2: Merchandising Operations - Refer to your tracking calendar for the due date. Using the information below, put the transactions in pro forma and complete the required journal entries, posting, and check your work with a trial balance. Use the Word document OR the Excel template provided in Blackboard. 1-Jul The company purchased merchandise from Riggs Rivets for $7,500 under credit terms 1/15,n/30 2-Jul Sold merchandise to LG Motors worth $650 for $1050 under credit terms of 3/10,n/30,FOB Shipping Point 5-Jul Paid for the merchandise purchased on July 1 within the discount period 12-Jul Paid $55 cash for freight charges on the purchase from July 1. 13-Jul Received the balance due from LG Motors for the invoice dated July 2, less the discount. 15-Jul Purchased more merchandise from Riggs Rivets for $4,575 under credit terms 2/15,n/30 FOB Destination Point 17-Jul Sold merchandise that cost $1,000 for $1,700 cash 20-Jul Returned $250 worth of merchandise purchased on July 12