purchased merchandise from bearcat co 19 000 terms fob destination n 30 551453
PR 6-4A Purchase-related transactions
The following selected transactions were completed by Gourmet Company during January of the current year:
|
Jan. 1. |
Purchased merchandise from Bearcat Co., $19,000, terms FOB destination, n/30. |
|
3. |
Purchased merchandise from Alvarado Co., $28,500, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $650 was added to the invoice. |
|
4. |
Purchased merchandise from Fogel Co., $11,000, terms FOB destination, 2/10, n/30. |
|
6. |
Issued debit memo to Fogel Co. for $1,000 of merchandise returned from purchase on January 4. |
|
13. |
Paid Alvarado Co. for invoice of January 3, less discount. |
|
14. |
Paid Fogel Co. for invoice of January 4, less debit memo of January 6 and discount. |
|
19. |
Purchased merchandise from Unitrust Co., $32,900, terms FOB shipping point, n/eom. |
|
19. |
Paid freight of $750 on January 19 purchase from Unitrust Co. |
|
20. |
Purchased merchandise from Lenn Co., $10,000, terms FOB destination, 1/10, n/30. |
|
30. |
Paid Lenn Co. for invoice of January 20, less discount. |
|
31. |
Paid Bearcat Co. for invoice of January 1. |
|
31. |
Paid Unitrust Co. for invoice of January 19. |
Instructions
Journalize the entries to record the transactions of Gourmet Company for January.
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