PR 6-4B Purchase-related transactions
The following selected transactions were completed by Britt Co. during October of the current year:
| Oct. 1. | Purchased merchandise from Mable Co., $17,500, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $300 was added to the invoice. |
| 5. | Purchased merchandise from Conway Co., $22,600, terms FOB destination, n/30. |
| 10. | Paid Mable Co. for invoice of October 1, less discount. |
| 13. | Purchased merchandise from Larson Co., $12,750, terms FOB destination, 2/10, n/30. |
| 14. | Issued debit memo to Larson Co. for $1,500 of merchandise returned from purchase on October 13. |
| 18. | Purchased merchandise from Lakey Company, $12,250, terms FOB shipping point, n/eom. |
| 18. | Paid freight of $275 on October 18 purchase from Lakey Company. |
| 19. | Purchased merchandise from Adler Co., $14,200, terms FOB destination, 2/10, n/30. |
| 23. | Paid Larson Co. for invoice of October 13, less debit memo of October 14 and discount. |
| 29. | Paid Adler Co. for invoice of October 19, less discount. |
| 31. | Paid Lakey Company for invoice of October 18. |
| 31. | Paid Conway Co. for invoice of October 5. |
Instructions
Journalize the entries to record the transactions of Britt Co. for October.
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