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Information related to Bramble Co. is presented below. On April 5, purchased merchandise on account from Tamarisk Company for $41,700, terms 2/10, net/30, FOB shipping point On April 6, paid freight costs of $790 on merchandise purchased from Tamarisk. On April 7, purchased equipment on account for $27,100. On April 8, returned $5,700 of merchandise to Tamarisk Company. On April 15, paid the amount due to Tamarisk Company in full. 1. 2. 3. 4. 5. (a) Prepare the journal entries to record these transactions on the books of Bramble Co. under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. 1. 2. 3. 5. Date : *P Account Titles and Explanation Debit Credit

Information related to Bramble Co. is presented below. On April 5, purchased merchandise on account from Tamarisk Company for $41,700, terms 2/10, net/30, FOB shipping point On April 6, paid freight costs of $790 on merchandise purchased from Tamarisk. On April 7, purchased equipment on account for $27,100. On April 8, returned $5,700 of merchandise to Tamarisk Company. On April 15, paid the amount due to Tamarisk Company in full. 1. 2. 3. 4. 5. (a) Prepare the journal entries to record these transactions on the books of Bramble Co. under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. 1. 2. 3. 5. Date : *P Account Titles and Explanation Debit Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Information related to Bramble Co. is presented below. 1. 2. 3. 4. 5. (a) Prepare the journal entries to record these transactions on the books of Bramble Co. under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. 1. 2. 3. On April 5, purchased merchandise on account from Tamarisk Company for $41,700, terms 2/10, net/30, FOB shipping point On April 6, paid freight costs of $790 on merchandise purchased from Tamarisk. On April 7, purchased equipment on account for $27,100. On April 8, returned $5,700 of merchandise to Tamarisk Company. On April 15, paid the amount due to Tamarisk Company in full. 5. Date : 4 Account Titles and Explanation Debit Credit
Transcribed Image Text:Information related to Bramble Co. is presented below. 1. 2. 3. 4. 5. (a) Prepare the journal entries to record these transactions on the books of Bramble Co. under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. 1. 2. 3. On April 5, purchased merchandise on account from Tamarisk Company for $41,700, terms 2/10, net/30, FOB shipping point On April 6, paid freight costs of $790 on merchandise purchased from Tamarisk. On April 7, purchased equipment on account for $27,100. On April 8, returned $5,700 of merchandise to Tamarisk Company. On April 15, paid the amount due to Tamarisk Company in full. 5. Date : 4 Account Titles and Explanation Debit Credit
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