On June 10, Kingbird Company purchased $8,200 of merchandise from Blossom Company, on account, terms...
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Accounting
On June Kingbird Company purchased $ of merchandise from Blossom Company, on account, terms Kingbird pays the freight costs of $ on June Goods totaling $ are returned to Blossom for credit on June On June Kingbird Company pays Blossom Company in full, less the purchase discount. Both companies use a perpetual inventory system.
a
Prepare separate entries for each transaction on the books of Kingbird Company. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manally Record journal entries in the order presented in the problem. List all debit entries before credit entries.
Date
Account Titles and Explanation
Debit
Credit
Answer & Explanation
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