This information relates to Tamarisk Co. 1. On April 5, purchased merchandise from Carla Vista...
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This information relates to Tamarisk Co. 1. On April 5, purchased merchandise from Carla Vista Company for $28,200, terms 2/10,n/30. 2. On April 6, paid freight costs of $710 on merchandise purchased from Carla Vista. 3. On April 7, purchased equipment on account for $33,200. 4. On April 8, returned $3,800 of April 5 merchandise to Carla Vista Company 5. On April 15, paid the amount due to Carla Vista Company in full. (a) Prepare the journal entries to record the transactions listed above on Tamarisk Co's books. Tamarisk Co.uses a perpetual inventory system. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1 4 2. 3. 5. . (b) Assume that Tamarisk Co. paid the balance due to Carla Vista Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 4
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