Current Attempt in Progress
Prepare the journal entries to record the following purchase transactions in Riverbed Inc.s books, assuming a periodic inventory
system is used. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Record journal entries in the order
presented in the problem.
Jan. Riverbed purchased goods for $ from Fundy Corp., terms FOB destination.
The appropriate company paid freight costs of $
Riverbed returned $ of the goods purchased on January because they were not needed.
Feb. Riverbed paid the balance owed to Fundy.
Date
Account Titles and Explanation
Debit
Credit
