Question: Please complete the table Chapter 4 Problem The following events pertain to Trager Company for January 2012. The company uses the perpetual inventory method. Record

Please complete the table  Please complete the table Chapter 4 Problem The following events pertain

Chapter 4 Problem The following events pertain to Trager Company for January 2012. The company uses the perpetual inventory method. Record the following events in the general journal. 1) Jan 3. Purchased $40,000 of merchandise inventory from a supplier, Kelly Distributors, Inc. The terms of the purchase: 2/10, n/30 and FOB shipping point. 2) Jan 5. Paid $900 cash for freight to trucking company to have goods shipped from Kelly Distributors, Inc. 3) Jan 7. (a) Sold merchandise for $8,000 to a customer on account. (b) The merchandise had cost Trager $5,600 4) Jan 10. Returned $5,000 of defective merchandise to Kelly Distributors, Inc. 5) Jan. 11. Paid amount due on account to Kelly Distributors for merchandise purchased on Jan. 6) Jan. 12, a) Accepted a return of $1,500 of the goods sold on Jan. 7. b) The cost of these goods was $1,100. Event No. Account Title Debit Credit 3b 5a. 5b. 6a. 6b

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