Business, 19.03.2021 15:50 glitterpanda2468

Information related to Whispering Winds Corp. is presented below. 1. On April 5, purchased merchandise on account from Martinez Company for $27,200, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Martinez.
3. On April 7, purchased equipment on account for $29,100.
4. On April 8, returned $3,400 of merchandise to Martinez Company.
5. On April 15, paid the amount due to Martinez Company in full.
Prepare the journal entries to record these transactions on the books of Kerber Co. under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
No.
Date Account Titles and Explanation Debit Credit
1. April 5April 6April 7April 8April 15
2. April 5April 6April 7April 8April 15
3. April 5April 6April 7April 8April 15
4. April 5April 6April 7April 8April 15
5. April 5April 6April 7April 8April 15

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Information related to Whispering Winds Corp. is presented below. 1. On April 5, purchased merchand...

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