2. Review the following transactions for Birdy Birdhouses and record any required journal entries. Sep. 6 Sep. 8 Birdy Birdhouses purchases 55 birdhouses at $14 each with cash. Birdy Birdhouses purchases 80 birdhouses at $19 each on credit. Terms of the purchase are 4/10, n/30, invoice date September 8. Birdy discovers 12 of the birdhouses are damaged from the Sep. 6 purchase and returns them to the supplier for a full refund. Birdy also discovers that 8 of the birdhouses from the Sep. 8 purchase are painted the wrong color but keeps them since the supplier granted an allowance of $20 per birdhouse. Birdy pays their account in full from the September 8 purchase, less any returns, allowances, and/or discounts. Sep. 10 Sep. 18

2. Review the following transactions for Birdy Birdhouses and record any required journal entries. Sep. 6 Sep. 8 Birdy Birdhouses purchases 55 birdhouses at $14 each with cash. Birdy Birdhouses purchases 80 birdhouses at $19 each on credit. Terms of the purchase are 4/10, n/30, invoice date September 8. Birdy discovers 12 of the birdhouses are damaged from the Sep. 6 purchase and returns them to the supplier for a full refund. Birdy also discovers that 8 of the birdhouses from the Sep. 8 purchase are painted the wrong color but keeps them since the supplier granted an allowance of $20 per birdhouse. Birdy pays their account in full from the September 8 purchase, less any returns, allowances, and/or discounts. Sep. 10 Sep. 18

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 6EB: Blue Barns purchased 888 gallons of paint at $19 per gallon from a supplier on June 3. Terms of the...

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Question

2. Review the following transactions for Birdy Birdhouses and record any required journal
entries.
Sep. 6
Sep. 8
Birdy Birdhouses purchases 55 birdhouses at $14 each with cash.
Birdy Birdhouses purchases 80 birdhouses at $19 each on credit. Terms of the
purchase are 4/10, n/30, invoice date September 8.
Birdy discovers 12 of the birdhouses are damaged from the Sep. 6 purchase and
returns them to the supplier for a full refund. Birdy also discovers that 8 of the
birdhouses from the Sep. 8 purchase are painted the wrong color but keeps them
since the supplier granted an allowance of $20 per birdhouse.
Birdy pays their account in full from the September 8 purchase, less any returns,
allowances, and/or discounts.
Sep. 10
Sep. 18

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