Journal Entries for Merchandise TransactionsPerpetual System merchandise held for resale. The perpetual inventory system is used.
tableAugPurchased merchandise from Norris, Inc., $ terms nPaid freight on shipment from Norris, Inc., $Sold merchandise to Denton Corporation, $ $ costPaid $ freight on August shipment and billed Denton for the charges.Returned $ worth of the merchandise purchased August from Norris, Inc., because it was defective. Norris approved the return.Received $ of returned merchandise $ cost from Denton Corporation. Rockford approved the return.Paid Norris, Inc., the amount due.Purchased from Chambers, Inc., goods with a price of $ Terms nPaid freight on shipment from Chambers, Inc., $Received the amount due from Denton Corporation.,Sold merchandise to Weber, Inc., $ $ costPaid $ freight on August shipment and billed Weber for the charges.,Paid Chambers, Inc., the amount due.,Received the amount due from Weber, Inc.,
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Prepare journal entries for these transactions for Rockford Corporation. Round your answers to the nearest dollar.