Record journal entries for the following transactions: 1. On July 1, BerriesRUs agreed to supply 500...

   

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Record journal entries for the following transactions: 1. On July 1, BerriesRUs agreed to supply 500 units of inventory for $1,500 on credit terms of 4/10, n/30. The cases will be shipped FOB shipping point. You paid the transportation charges of $200 immediately in cash. You paid the entire amount due to BerriesRUs on July 8. 2. Protein Shack supplied 180 units of inventory on July 8 for $900 on credit terms of 2/10, n/30. The goods were shipped FOB destination. You paid the amount due on July 23. 3. On July 9, JuiceARama shipped 200 units of inventory at a cost of $1,200 with credit terms of n/45, FOB destination. This amount remains unpaid at the end of the month. Record purchase of 180 units from Protein Shack on July 8. Date Account Debit Credit Enter 1 July 08 Supplies your input 2 Accounts Payable 0 Record payment to Protein Shack on July 23. Date Account 1 July 23 Accounts Payable 2 Enter your input Debit Credit 900 Enter your input Record journal entries for the following transactions: 1. On July 1, BerriesRUs agreed to supply 500 units of inventory for $1,500 on credit terms of 4/10, n/30. The cases will be shipped FOB shipping point. You paid the transportation charges of $200 immediately in cash. You paid the entire amount due to BerriesRUs on July 8. 2. Protein Shack supplied 180 units of inventory on July 8 for $900 on credit terms of 2/10, n/30. The goods were shipped FOB destination. You paid the amount due on July 23. 3. On July 9, JuiceARama shipped 200 units of inventory at a cost of $1,200 with credit terms of n/45, FOB destination. This amount remains unpaid at the end of the month. Record purchase of 180 units from Protein Shack on July 8. Date Account Debit Credit Enter 1 July 08 Supplies your input 2 Accounts Payable 0 Record payment to Protein Shack on July 23. Date Account 1 July 23 Accounts Payable 2 Enter your input Debit Credit 900 Enter your input

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Answer Record journal entries for the following transactions 1 On July 1 BerriesRU... View the full answer