Sept. 2 3 4 6 7 8 9 10 17 20 Purchased equipment on account for $63,100, terms n/30, FOB destination. Freight charges of $910 were paid by the appropriate party on the September 2 purchase of equipment. Purchased supplies for $3,900 cash. Purchased inventory on account from Winterholt Company at a cost of $60,200, terms 1/15, n/30, FOB shipping point. Freight charges of $1,500 were paid by the appropriate party on the September 6 inventory purchase. Returned damaged goods costing $4,900 that were originally purchased from Winterholt Company on September 6. Received a credit on account. Sold goods costing $15,700 to Fischer Limited for $18,900 on account, terms n/30, FOB destination. Freight charges of $350 were paid by the appropriate party on the September 9 sale of inventory. Received the balance due from Fischer. Paid Winterholt Company the balance due.

Sept. 2 3 4 6 7 8 9 10 17 20 Purchased equipment on account for $63,100, terms n/30, FOB destination. Freight charges of $910 were paid by the appropriate party on the September 2 purchase of equipment. Purchased supplies for $3,900 cash. Purchased inventory on account from Winterholt Company at a cost of $60,200, terms 1/15, n/30, FOB shipping point. Freight charges of $1,500 were paid by the appropriate party on the September 6 inventory purchase. Returned damaged goods costing $4,900 that were originally purchased from Winterholt Company on September 6. Received a credit on account. Sold goods costing $15,700 to Fischer Limited for $18,900 on account, terms n/30, FOB destination. Freight charges of $350 were paid by the appropriate party on the September 9 sale of inventory. Received the balance due from Fischer. Paid Winterholt Company the balance due.

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Description: 9th journal entry? on wiley plus they did it by dr A/R 18900. cr refund liablity and sales and the 2nd entry for the same date =Cogs debited and estimated inventory returns debjted too inventory on the cr side Sept. 2346789101720Purchased equipment o

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.1P: Purchase-related transactions The following selected transactions were completed by Epic Co. during...

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