Business, 27.05.2020 13:57 anatomyfl

June 4 Wildhorse Company purchased $9,200 worth of merchandise, terms n/30 from Hayes Company. The cost of the merchandise was $5,700. 12 Wildhorse returned $550 worth of goods to Hayes for full credit. The goods had a cost of $390 to Hayes. 12 Wildhorse paid the account in full. Assume use of the perpetual inventory system for both companies. Prepare the journal entries to record these transactions in Wildhorse’s books.

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June 4 Wildhorse Company purchased $9,200 worth of merchandise, terms n/30 from Hayes Company. The c...

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