Required: Record the following transactions of Evelyn's Designs in a general journal: DATE TRANSACTIONS 20X1 April 1 Purchased merchandise on credit from American Fabricators, Invoice 885, $2,00o, terms 1/10, n/30; freight of $100 prepaid by American Fabricators and added to the invoice (total invoice amount, $2,100). Paid amount due to American Fabricators for the purchase of April 1, less the 1 percent discount, Check 457. Purchased merchandise on credit from Kalyagin Company, Invoice 145, $1,600, terms 1/10, n/30; freight of $50 prepaid by Kalyagin and added to the invoice. Returned damaged merchandise purchased on April 15 from Kalyagin Company; received Credit Memorandum 332 for $200. 9 15 17 Paid the amount due to Kalyagin Company for the purchase of April 15, less the return on April 17, taking the 1 percent discount, Check 470. 24
Required: Record the following transactions of Evelyn's Designs in a general journal: DATE TRANSACTIONS 20X1 April 1 Purchased merchandise on credit from American Fabricators, Invoice 885, $2,00o, terms 1/10, n/30; freight of $100 prepaid by American Fabricators and added to the invoice (total invoice amount, $2,100). Paid amount due to American Fabricators for the purchase of April 1, less the 1 percent discount, Check 457. Purchased merchandise on credit from Kalyagin Company, Invoice 145, $1,600, terms 1/10, n/30; freight of $50 prepaid by Kalyagin and added to the invoice. Returned damaged merchandise purchased on April 15 from Kalyagin Company; received Credit Memorandum 332 for $200. 9 15 17 Paid the amount due to Kalyagin Company for the purchase of April 15, less the return on April 17, taking the 1 percent discount, Check 470. 24
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3PB: Review the following transactions, and prepare any necessary journal entries for Sewing Masters Inc....
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Question
![Required:
Record the following transactions of Evelyn's Designs in a general journal:
DATE
TRANSACTIONS
20x1
April 1
Purchased merchandise on credit from American Fabricators, Invoice 885, $2,000, terms 1/10, n/30; freight of $100
prepaid by American Fabricators and added to the invoice (total invoice amount, $2,100).
Paid amount due to American Fabricators for the purchase of April 1, less the 1 percent discount, Check 457.
Purchased merchandise on credit from Kalyagin Company, Invoice 145, $1,600, terms 1/10, n/30; freight of $50 prepaid
by Kalyagin and added to the invoice.
Returned damaged merchandise purchased on April 15 from Kalyagin Company; received Credit Memorandum 332 for $200.
Paid the amount due to Kalyagin Company for the purchase of April 15, less the return on April 17, taking the 1
percent discount, Check 470.
15
17
24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab3eb92b-cbcb-48ef-b19b-574be9e84f6e%2Ff035f6f7-268a-4051-8fe7-2738dc20e4f9%2Fu74yxth_processed.png&w=3840&q=75)
Transcribed Image Text:Required:
Record the following transactions of Evelyn's Designs in a general journal:
DATE
TRANSACTIONS
20x1
April 1
Purchased merchandise on credit from American Fabricators, Invoice 885, $2,000, terms 1/10, n/30; freight of $100
prepaid by American Fabricators and added to the invoice (total invoice amount, $2,100).
Paid amount due to American Fabricators for the purchase of April 1, less the 1 percent discount, Check 457.
Purchased merchandise on credit from Kalyagin Company, Invoice 145, $1,600, terms 1/10, n/30; freight of $50 prepaid
by Kalyagin and added to the invoice.
Returned damaged merchandise purchased on April 15 from Kalyagin Company; received Credit Memorandum 332 for $200.
Paid the amount due to Kalyagin Company for the purchase of April 15, less the return on April 17, taking the 1
percent discount, Check 470.
15
17
24
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