Show me what Journal it is for all the transaction entries ( write down the Journal types
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Show me what Journal it is for all the transaction entries ( write down the Journal types beside the entries)
1) Oct1 Business purchased $4250 of inventory from LAT Inc.. Terms 2/10, n/20 FOB
2) Oct1 Business sold $8520 inventory to LFN Inc., the cost is $1240. Terms 2/15, n/15 FOB
3) Oct4, Business returned defective $230 inventory back to LAT Inc.
4) Oct7 Business paid delivery $160 for the inventory sales to LFN Inc.
5) Oct8 Business issued a credit memo $325 to LFN Inc., regarding the sales on Oct1
6) Oct9 business purchased inventory $2700 from Simpson's Ltd, Terms: 1/5, n/10, FOB
7) Oct11 Business paid the LAT Inc. in full.
8) Oct16 Business Received LFN Inc's money.
9) Oct30 paid Simpson's Ltd for the Oct9 purchase.
Related Book For
Modern Systems Analysis And Design
ISBN: 9780134204925
8th Edition
Authors: Joseph Valacich, Joey George
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