Whispering Winds Corp. uses a periodic inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from Ayayai Ltd. for $25,300, terms n/30, FOB shipping point. The appropriate company paid freight costs of $690 on the merchandise purchased on April 3. Purchased supplies on account for $5,090. Returned damaged merchandise to Ayayai received a credit of $3,700. The merchandise was returned to inventory for future resale. Paid the amount due to Ayayai in full. 6 7 8 30

Whispering Winds Corp. uses a periodic inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from Ayayai Ltd. for $25,300, terms n/30, FOB shipping point. The appropriate company paid freight costs of $690 on the merchandise purchased on April 3. Purchased supplies on account for $5,090. Returned damaged merchandise to Ayayai received a credit of $3,700. The merchandise was returned to inventory for future resale. Paid the amount due to Ayayai in full. 6 7 8 30

Name: Please give answer fast Ayayai Ltd.DateApr. 3V<Account Titles and Expl
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Description: Please give answer fast Ayayai Ltd.DateApr. 3V<Account Titles and ExplanationDebitCredit Whispering Winds Corp. uses a periodic inventory system. The company had the following inventory transactions in April:April 3 Purchased merchandise from Ayayai

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 5DQ

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