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Prepare a journalize baker companys transactions

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Reference no: EM132461307

Baker Company uses the gross method to account for purchase discounts and the periodic inventory system.

  1. June 2 Purchased goods from Mitchell Company on account, $25,000, terms 1/10, n/30.
  2. June 8 Returned merchandise to Mitchell Company that was previously purchased on account, $2,500.
  3. June 10 Paid the amount due to Mitchell Company.

Required:

Question 1: Journalize Baker Company's transactions on June 2, June 8, and June 10.

Date

Account Title

Debit

Credit

 

 

 

 

 

 

.R) it'

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reference no: EM132461307

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