Reference no: EM133059668
Question - Record the following transactions of Evelyn's Designs in a general journal. The company uses the perpetual inventory system.
DATE TRANSACTIONS April
1 Purchased merchandise on credit from American Fabricators, Invoice 885, $2,000, terms 1/10, n/30; freight of $100 was paid by American Fabricators and added to the invoice (total invoice amount, $2,100).
9 Paid amount due to American Fabricators for the purchase of April 1, less the 1 percent discount, Check 457.
15 Purchased merchandise on credit from Kalyagin Company, Invoice 145, $600, terms 1/10, n/30; freight of $50 prepaid bY Kalyagin and added to the invoice.
17 Returned damaged merchandise purchased on April 15 from Kalyagin Company; received Credit Memorandum 332 for $200.
24 Paid the amount due to Kalyagin Company for the purchase of April 15, less the return on April 17, taking the 1 percent discount, Check 470.
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