Problem IV 22 points Journalize purchase transactions. This information relates to Oscar Golden LLC....
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Problem IV 22 points Journalize purchase transactions. This information relates to Oscar Golden LLC. 1. On October 2 purchased merchandise from Blackstone Inc for $122,000, terms 3/10, n/30. 2. On October 3, paid freight costs of $11,200 on merchandise purchased from Blackstone Inc. 3. On October 7, returned some of the October 3rd merchandise to Blackstone Inc., which cost $15,600. 4. On October 12, paid the amount due to Blackstone Inc. in full. Instructions Prepare the journal entries to record these transactions on the books of Blackstone Inc. using BOTH the perpetual and periodic inventory system
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