50.1K

Verified Solution

Link Copied!

On June 10, Carla Vista Company purchased $7,900 of merchandise from Wildhorse Company, terms 4/10, n/30. Carla Vista Company pays the freight costs of $390 on June 11. Goods totaling $600 are returned to Wildhorse Company for credit on June 12. On June 19, Carla Vista Company pays Wildhorse Company in full, less the purchase discount. Both companies use a perpetual inventory system.

Prepare separate entries for each transaction on the books of Carla Vista Company. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date June 10June 11June 12June 19	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date June 10June 11June 12June 19	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date June 10June 11June 12June 19	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date June 10June 11June 12June 19	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts

Prepare separate entries for each transaction for Wildhorse Company. The merchandise purchased by Carla Vista Company on June 10 cost Wildhorse Company $2,620, and the goods returned cost Wildhorse Company $200. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date June 10June 11June 12June 19	enter an account title to record credit sale	enter a debit amount	enter a credit amount
	enter an account title to record credit sale	enter a debit amount	enter a credit amount
	(To record credit sale)
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
choose a transaction date June 10June 11June 12June 19	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date June 10June 11June 12June 19	enter an account title to record credit sale	enter a debit amount	enter a credit amount
	enter an account title to record credit sale	enter a debit amount	enter a credit amount
	(To record credit sale)
	enter an account title to record cost of goods returned	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods returned	enter a debit amount	enter a credit amount
	(To record cost of goods returned)
June 19	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title

Answer & Explanation Solved by verified expert

See Answer