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Problem 8.4A (Static) Journalizing purchases and cash payment transactions. LO 8-1 20x1 NewTech Medical Devices is a medical devices wholesaler that commenced business on June 1, 20X1. The company purchases a merchandise for cash and on open account. In June 20x1, NewTech Medical Devices engaged in the following purchasing and cash payment activities: DATE TRANSACTIONS June 1 Issued Check 101 to purchase merchandise, $4,500. 3 Purchased merchandise for $1,700 from BioCenter Inc., Invoice 606; terms 2/10, 1/30. 5 Purchased merchandise for $5,850, plus a freight charge of $110, from New Concepts Corporation, Invoice 1011: terms 2/10, n/30. 9 Paid amount due to BioCenter Inc. for purchase of June 3, less discount, Check 102. 10 Received Credit Memorandum 227 from New Concepts Corporation for damaged merchandise totaling $150 that was returned; the goods were purchased on Invoice 1011, dated June 5. 11 Purchased merchandise for $1,680 from BioCenter Inc., Invoice 612; terns 2/10, 30. 14 Poid amount due to New Concepts Corporation for Invoice 1011 of June 5, less the return of June 10 and cash discount, Check 103. 15 Purchased merchandise with a Ust price of $9,200 and trade discounts of 20 percent and 15 percent from Park Research, Invoice 1029, terms n/30. 20 Issued Check 104 to purchase merchandise, $3,000. 25 Returned merchandise purchased on June 20 as Gyfective, receiving a cash refund of $280. 30 Purchased merchandise for $3,200, plus a freight charge of $85, from New Concepts Corporation, Invoice 1988; terms 2/10, 1/30. ss the Required: Journalize the transactions in a general Journal, Analyze: What was the amount of trade discounts received on the June 15 purchase from Park Research? Journal entry worksheet Paid amount due to New Concepts Corporation for Invoice 1011 of June 5, less the return of June 10 and less the cash discount, Check 103. Note: Enter debits before credits. Debit Credit Date General Journal June 14, 20x1 Accounts payable/New Concepts Corporation Purchases discounts 5,810 Cash Record entry Clear entry View general journal COM Analyze

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