WileyPLUS $ 10,000 ce\' merchandise from Tvehr Company, rot, stappng PtNrE·tems

Question

WileyPLUS $ 10,000 ce' merchandise from Tvehr Company, rot, stappng PtNrE·tems 1/10,n/30, Dia2 pays the freiht ts ol $300 on ne 11. Dmaged goods totakng $160 are reburmed to Taylor for creust on ne 12 The tur vakse of these giods 6 ,75·On hime 19, Dar pays Taylor Conpery 'n fu1, kss the purchase datore·Both cornenes use a perpetual inimtory sperm. PMipare sepersto entries for each rarcacton on e books of Deaz Comparry.(Credit accnt titles are automstically ndented when aour is entered. De not indest masially,Rer jentries in the orider presented in the probiess Round asweys to Account TIdes and E

Explanation / Answer

Jun-10 Merchandise Inventory 10000          Accounts Payable 10000 Jun-11 Merchandise Inventory 500         Cash 500 Jun-12 Accounts Payable 360        Merchandise Inventory 360 Jun-19 Accounts Payable 9640        Merchandise Inventory 96         Cash 9544

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