Presented here are selected transactions for the Ivanhoe Pet Supply Company during April. Ivanhoe Pet Supply uses the perpetual
inventory system.
April Sold merchandise to Pet Shop Company for $ terms n The merchandise sold had a cost of $
Purchased merchandise from Wild Corporation for $ terms n
Purchased merchandise from Ryan Company for $
Received payment from Pet Shop Company for purchase of April less appropriate discount.
Paid Wild Corporation for April purchase.
Journalize the April transactions for Ivanhoe Pet Supply Company. Credit account titles are automatically indented when the amount is
entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.
To record credit sale
To record cost of goods sold
