Question: Purchase Remaining Inventory Products In this exercise, you will create purchase order and receive the remaining inventory products. Melanie has found that Special Events Superstore
Purchase Remaining Inventory Products
In this exercise, you will create purchase order and receive the remaining inventory products. Melanie has found that Special Events Superstore will give her a discount on balloons, cards and chocolates, so she is giving the store a try; she is told that the discount will show up on the bill. All amounts are Exclusive of Tax.
Create purchase order on 10/09/2026 to Special Events Superstore for these items, shipped via FedEx: 25 Balloons 25 Foil Balloons 15 of both Milk and Dark Chocolates 10 Cards Receive all products and a bill for PO #1005 on 14/09/2026; terms are net 10 and $13 was added for freight and delivery. The total should be $226.57.
With the bill came a supplier credit, same date, for $17.75 (+ HST ON) to be applied to the bill as the discount toward Edibles - COGS. Post and apply the credit. The new amount owing for this supplier should be $206.51.
Create another purchase order on 12/09/2026, for 10 Vases and 12 Plant Waterers from Toronto Flower Fest.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
