Using the information in E7-13, prepare journal entries to record the transactions, assuming Axe uses a perpetual

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Using the information in E7-13, prepare journal entries to record the transactions, assuming Axe uses a perpetual inventory system.
E7-13
Jan. 6 Purchased goods for $1,200 from Green with terms 2/10, n/30.
6 Purchased goods from Munoz for $900 with terms 2/10, n/30.
14 Paid Green in full.
Feb. 2 Paid Munoz in full.
28 Purchased goods for $350 from Reynolds with terms 2/10, n/45.
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Fundamentals of Financial Accounting

ISBN: 978-0078025372

4th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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