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Riverbed Corp. uses a perpetual inventory system. The company had the following inventory transactions in April. April 3 Purchased merchandise from DeVito Ltd. for $25,500, terms 2/10, n/30, FOB shipping point. The appropriate company paid freight costs of $850 on the merchandise purchased on April 3. Purchased supplies on account for $5,200. 6 7 8 30 Date Paid the amount due to DeVito in full. Returned merchandise to DeVito and received a credit of $4,500. The merchandise was returned to inventory for future resale. -/1 Record the above transactions on Riverbed's books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Account Titles and Explanation Debit !!! Credit E

Prepare the journal entries to recond the following transactions on Wildhorse Company's books using a perpetual inventory system af entries) (a) On March 2. Wildhorse Company soid $947,600 of merchandise to Windsor Company on account, terms 3/10, n/30. The cost of the inerchandise sold was $34,200. (b) On March 6, Windsor Company returned $105,700 of the merchandive purchased on Murch 2. The cost of the merchandise returned was $68,600. (1) Oa March 12, Wildhorse Company received the balance due froen Windsor Company. Current Attempt in Progress Riverbed Corp. uses a perpetual inventory system. The company had the following inventory transactions in April. Aprill 3 Purchased merchandise from DeVito Ltd, for $25.500, terms 2/10,n/30, FOB shipping point. 6. The appropriate company paid frelght costs of $850 on the merchundise purchased on April 3. 7 Purchased supplies on account for $5,200. B Returned merchandise to DeVito and recelved a credit of $4,500. The merchandise was returned to irventory for future resale. 30 Paid the amount due to Devito in full. Fiecord the above transactions on Riverbed's books. (Credit occount tilies are automatically indented when the omount is entered. Do not indent manuolik. If no entry is requiled, select "No Enty" for the account titks and enter O for the amounts. Record fournal entries in the order presented in the problent List oll debit entries before credit entries. Record the above transactions on Riverbed's books. fCredlt occount titles are outomatically lindented when the arnount li entered, Do not presented fin the problem. Lst all debit entriles before credit entries) Question 4 of 10 (Fo record sale of merchindise on account) (To record cost of gocols sold) (To record neurn of mertandise) (To record cost of gocds retumed)

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