HW Q 1Current Attempt in Progress Information related to Riverbed Co. is presented below.1. On April 5, purchased merchandise on account from Tamarisk Company for $ 36,000, terms 3/10, net/30, FOB shipping point.2. On April 6, paid freight costs of $ 920 on merchandise purchased from Tamarisk.3. On April 7, purchased equipment on account for $ 30,500.4. On April 8, returned damaged merchandise to Tamarisk Company and was granted a $ 4,200 credit for returned merchandise.5. On April 15, paid the amount due to Tamarisk Company in full.(a) Prepare the journal entries to record these transactions on the books of Riverbed Co. under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No.DateAccount Titles and ExplanationDebitCredit1.choose a transaction dateChoose a transaction date enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount2.choose a transaction dateChoose a transaction date enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount3.choose a transaction dateChoose a transaction date enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount4.choose a transaction dateChoose a transaction date enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount5.choose a transaction dateChoose a transaction date enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount eTextbook and MediaList of Accounts Attempts: 0 of 3 used (b) Assume that Riverbed Co. paid the balance due to Tamarisk Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) DateAccount Titles and ExplanationDebitCreditMay 4enter an account titleEnter an account titleenter a debit amountEnter a debit amountenter a credit amountEnter a credit amount enter an account titleEnter an account title

Name: HW Q 1Current Attempt in Progress Information related to Riverbed Co.
Uploaded: 2024-03-04T10:43:15.000Z
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Description: HW Q 1Current Attempt in Progress Information related to Riverbed Co. is presented below.1. On April 5, purchased merchandise on account from Tamarisk Company for $ 36,000, terms 3/10, net/30, FOB shipping point.2. On April 6, paid freight costs of

Journal entries S.no. Accounts title and explanations Debit $ Credit $ 05-Apr…

Answered: Information related to Riverbed Co. is…

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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1.		On April 5, purchased merchandise on account from Tamarisk Company for $ 36,000, terms 3/10, net/30, FOB shipping point.
2.		On April 6, paid freight costs of $ 920 on merchandise purchased from Tamarisk.
3.		On April 7, purchased equipment on account for $ 30,500.
4.		On April 8, returned damaged merchandise to Tamarisk Company and was granted a $ 4,200 credit for returned merchandise.
5.		On April 15, paid the amount due to Tamarisk Company in full.

(a)

Prepare the journal entries to record these transactions on the books of Riverbed Co. under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	choose a transaction dateChoose a transaction date

2.	choose a transaction dateChoose a transaction date
	enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount
		enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount

3.	choose a transaction dateChoose a transaction date
	enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount
		enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount

4.	choose a transaction dateChoose a transaction date
	enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount
		enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount

5.	choose a transaction dateChoose a transaction date
	enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount
		enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount

enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount
	enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount
	enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount

eTextbook and Media

List of Accounts

Attempts: 0 of 3 used

(b)

Assume that Riverbed Co. paid the balance due to Tamarisk Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
May 4	enter an account titleEnter an account title	enter a debit amountEnter a debit amount	enter a credit amountEnter a credit amount
	enter an account titleEnter an account title

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