Please help with this. On June 10 , Whispering Winds Company purchased $8,950 of...
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Accounting
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On June 10 , Whispering Winds Company purchased $8,950 of merchandise on account from Swifty Company, FOB shipping point, terms 2/10,n/30. Whispering Winds pays the freight costs of $440 on June 11 . Goods totaling $650 are returned to Swifty for credit on June 12. On June 19, Whispering Winds pays Swifty Company in full, less the discount. Both companies use a perpetual inventory system. (a) Prepare separate entries for each transaction on the books of Whispering Winds Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) amounts. Record journal entries in the order presented in the problem.)
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