June 7
Issued check number 30405 for $721.50 as payment in full of the
Alfredo’s Supply invoice (A2026) of May 28. Alfredo’s offers
terms of net 10
June 7
Purchased $3,985.00 in parts and merchandise accessories from
Zeaman Sprintcraft. The invoice number is ZM211, credit terms
are 1/10, n/30, and the goods are shipped FOB shipping point via a
separate carrier. The transportation costs will be paid later upon
receipt of the freight invoice
June 9
Purchased Jet Skis for inventory from Kawasaki, USA. The
purchase price for the merchandise totaled $43,450.00. The
invoice number is K3355, the terms of the purchase are 2/10, n/30,
and the goods were shipped FOB destination
Thank you very much in advance, there are just these few that I am stuck on because we haven’t gone over these in the class yet and they are on the online homework assignment.
June 7
Issued check number 30405 for $721.50 as payment in full of the
Alfredo’s Supply invoice (A2026) of May 28. Alfredo’s offers
terms of net 10
Dr Accounts Payable 721.50
Cr Cash 721.50
June 7
Purchased $3,985.00 in parts and merchandise accessories from
Zeaman Sprintcraft. The invoice number is ZM211, credit terms
are 1/10, n/30, and the goods are shipped FOB shipping point via a
separate carrier. The transportation costs will be paid later upon
receipt of the freight invoice
Dr Merchandise Inventory 3,985
Cr Accounts Payable 3,985
June 9
Purchased Jet Skis for inventory from Kawasaki, USA. The
purchase price for the merchandise totaled $43,450.00. The
invoice number is K3355, the terms of the purchase are 2/10, n/30,
and the goods were shipped FOB destination
Dr Merchandise Inventory 43,450
Cr Accounts Payable 43,450