Information related to Ayayai Co is presented below.Information related to Ayayai Co is presented below.
On April purchased merchandise from Mockingbird Company for $ terms net FOB shipping
point.
On April paid freight costs of $ on merchandise purchased from Mockingbird.
On April purchased equipment on account for $
On April returned damaged merchandise to Mockingbird Company and was granted a $ credit for
returned merchandise.
On April paid the amount due to Mockingbird Company in full.
a
Prepare the journal entries to record these transactions on the books of Ayayai Co under a perpetual inventory
system. Credit account titles are automatically indented when the amount is entered. Do not
indent manually. List all debit entries before credit entries. Record journal entries in the order
presented in the problem. If no entry is required, select No Entry" for the account titles and
enter for the amounts.
On April purchased merchandise from Mockingbird Company for $ terms net FOB shipping point.
On April paid freight costs of $ on merchandise purchased from Mockingbird.
On April purchased equipment on account for $
On April returned damaged merchandise to Mockingbird Company and was granted a $ credit for returned
merchandise.
On April paid the amount due to Mockingbird Company in full.