Purchase-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Capers Company...
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Purchase-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Capers Company during October of the current year: Oct. 1. Purchased merchandise from UK Imports Co., $13,887, terms FOB destination, n/30. Purchased merchandise from Hoagie Co., $10,350, terms FOB shipping point, 2/10, neom. Prepaid freight of$215 3. was added to the invoice. 4. Purchased merchandise from Taco Co., $14,350, terms FOB destination, 2/10, n/30 6. Issued debit memo to Taco Co. for $4,500 of merchandise returned from purchase on October 4. 13. Paid Hoagie Co. for invoice of October 3. 14. Paid Taco Co. for invoice of October 4, less debit memo of October 6 and discount. 19. Purchased merchandise from Veggie Co., $25,800, terms FOB shipping point, n/eom 19. Paid freight of $380 on October 19 purchase from Veggie Co. 20. Purchased merchandise from Caesar Salad Co., $21,300, terms FOB destination, 1/10, n/30 30. Paid Caesar Salad Co. for invoice of October 20. 31. Paid UK Imports Co. for invoice of October 1. 31. Paid Veggie Co. for invoice of October 19
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