Required: Record the following transactions of J. Min Designs in a general journal: DATE TRANSACTIONS...
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Accounting
Required: Record the following transactions of J. Min Designs in a general journal:
DATE TRANSACTIONS
20X1
April 1 Purchased merchandise on credit from ORourke Fabricators, Invoice 885, $2,400, terms 3/10, n/30; freight of $72 prepaid by ORourke Fabricators and added to the invoice (total invoice amount, $2,472).
9 Paid amount due to ORourke Fabricators for the purchase of April 1, less the 3 percent discount, Check 457.
15 Purchased merchandise on credit from Kroll Company, Invoice 145, $1,450, terms 3/10, n/30; freight of $95 prepaid by Kroll and added to the invoice.
17 Returned damaged merchandise purchased on April 15 from Kroll Company; received Credit Memorandum 332 for $50.
24 Paid the amount due to Kroll Company for the purchase of April 15, less the return on April 17, taking the 3 percent discount, Check 470.
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