Oriole Co. had the following transactions during October. 1. On October 8, purchased merchandise on...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Oriole Co. had the following transactions during October. 1. On October 8, purchased merchandise on account from Pharoah Company for $18,100, terms 2/10,n/30. 2. On October 9 , paid freight costs of $550 on merchandise purchased from Pharoah Company. 3. On October 11 , returned $3,600 of October 8 merchandise to Pharoah Company. 4. On October 18, paid the amount due to Pharoah Company in full. Use a tabular summary to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Use a tabular summary to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Oriole Co. had the following transactions during October. 1. On October 8, purchased merchandise on account from Pharoah Company for $18,100, terms 2/10,n/30. 2. On October 9 , paid freight costs of $550 on merchandise purchased from Pharoah Company. 3. On October 11 , returned $3,600 of October 8 merchandise to Pharoah Company. 4. On October 18, paid the amount due to Pharoah Company in full. Use a tabular summary to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Use a tabular summary to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Oriole Co. had the following transactions during October. 1. On October 8, purchased merchandise on account from Pharoah Company for $18,100, terms 2/10,n/30. 2. On October 9 , paid freight costs of $550 on merchandise purchased from Pharoah Company. 3. On October 11 , returned $3,600 of October 8 merchandise to Pharoah Company. 4. On October 18, paid the amount due to Pharoah Company in full. Use a tabular summary to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Use a tabular summary to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Oriole Co. had the following transactions during October. 1. On October 8, purchased merchandise on account from Pharoah Company for $18,100, terms 2/10,n/30. 2. On October 9 , paid freight costs of $550 on merchandise purchased from Pharoah Company. 3. On October 11 , returned $3,600 of October 8 merchandise to Pharoah Company. 4. On October 18, paid the amount due to Pharoah Company in full. Use a tabular summary to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Use a tabular summary to record the transactions listed above on Oriole Co.'s books. Oriole Co. uses a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 