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The following selected transactions were completed by Capers Company during October of the current year Journalize the entries to record the transactions of Capers Company for October

The following selected transactions were completed by Capers Company during October of the current year: 

Oct 1.   Purchased merchandise from UK Imports Co., $14,448, terms FOB destination, n/30.
3.   Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $220 was added to the invoice.
4.   Purchased merchandise from Taco Co., $13,650, terms FOB destination, 2/10, n/30.
6.   Issued debit memo to Taco Co. for $4,550 of merchandise returned from purchase on October 4.
Oct 13.   Paid Hoagie Co. for invoice of October 3.
14.   Paid Taco Co. for invoice of October 4 less debit memo of October 6.
19.   Purchased merchandise from Veggie Co., $27,300, terms FOB shipping point, n/eom.
19.   Paid freight of $400 on October 19 purchase from Veggie Co.
20.   Purchased merchandise from Caesar Salad Co., $22,000, terms FOB destination, 1/10, n/30.
30.   Paid Caesar Salad Co. for invoice of October 20.
31.   Paid UK Imports Co. for invoice of October 1.
31.   Paid Veggie Co. for invoice of October 19.

Instructions


Journalize the entries to record the transactions of Capers Company for October.

 
 

Apr 14 2021 View more View Less

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