Business, 28.02.2021 17:00 mdot8890

Information related to Windsor, Inc. is presented below. 1. On April 5, purchased merchandise on account from Pina Colada Company for $27,900, terms 4/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $700 on merchandise purchased from Pina Colada.
3. On April 7, purchased equipment on account for $28,800.
4. On April 8, returned $3,900 of merchandise to Pina Colada Company.
5. On April 15, paid the amount due to Pina Colada Company in full.

Required:
a. Prepare the journal entries to record these transactions on the books of Windsor, Inc. under a perpetual inventory system.
b. Prepare the journal entries to record these transactions on the books of Windsor, Inc. under a perpetual inventory system.

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Information related to Windsor, Inc. is presented below. 1. On April 5, purchased merchandise on ac...

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