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Make general journal entries for these transactions

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Reference no: EM132721987

Problem - Romero's Heating and Cooling had the following transactions during April:

Apr. 2 Purchased merchandise on account from Alanon Valve for $1,000, terms 2/10, n/30.

Apr. 5 Purchased merchandise on account from Leon's Garage for $1,400, terms 1/10, n/30.

Apr. 11 Paid the amount due to Alanon Valve for the purchase on April 2.

Apr. 25 Paid the amount due to Leon's Garage for the purchase on April 5.

Required - Make general journal entries for these transactions using the net-price method.

Reference no: EM132721987

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