PA12. LO 6.7 Review the following transactions for Birdy Birdhouses and record any required journal entries. Sep. 6 Sep. 8 Birdy Birdhouses purchases 57 birdhouses at $46 each with cash. Birdy Birdhouses purchases 94 birdhouses at $44 each on credit. Terms of the purchase are 2/10, 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 11 of the birdhouses from the Sep. 8 purchase are painted the wrong color but keeps them since the supplier granted an allowance of $136. Birdy pays their account in full from the September 8 purchase, less any returns, allowances, and/or discounts. Sep. 10 Sep. 18

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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PA12. LO 6.7 Review the following transactions for Birdy Birdhouses and record any required journal entries.
Sep. 6
Sep. 8
Birdy Birdhouses purchases 57 birdhouses at $46 each with cash.
Birdy Birdhouses purchases 94 birdhouses at $44 each on credit. Terms of the
purchase are 2/10, 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 11 of the
birdhouses from the Sep. 8 purchase are painted the wrong color but keeps them
since the supplier granted an allowance of $136.
Birdy pays their account in full from the September 8 purchase, less any returns,
allowances, and/or discounts.
Sep. 10
Sep. 18
Transcribed Image Text:PA12. LO 6.7 Review the following transactions for Birdy Birdhouses and record any required journal entries. Sep. 6 Sep. 8 Birdy Birdhouses purchases 57 birdhouses at $46 each with cash. Birdy Birdhouses purchases 94 birdhouses at $44 each on credit. Terms of the purchase are 2/10, 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 11 of the birdhouses from the Sep. 8 purchase are painted the wrong color but keeps them since the supplier granted an allowance of $136. 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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