Delry Appliances
On August 1, 2012, Delry Appliances purchased 75 refrigerators for $45,000 cash and also paid $1,500 transportation costs related to this purchase. On the same date, Delry purchased 100 dishwashers for $20,000 on credit; however, the seller paid the $1,200 freight. The credit terms for the dishwashers were 2/10, n/30. On August 3rd, Delry determined that 5 of the refrigerators were defective, so they were returned to the seller. Delry paid for the dishwashers on August 9th. On August 10th, Delry purchased 90 microwave ovens for $9,000 on credit with terms 1/10, n/30. The seller paid the freight. Delry paid for the microwave ovens on August 21st. Delry uses a perpetual inventory system.
Refer to the information presented for Delry Appliances. Prepare all of Delry's journal entries for August.

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The Answer of Delry Appliances
On August 1, 2012, Delry Appliances purchased 75 refrigerators for $45,000 cash and also paid $1,500 transportation costs related to this purchase. On the same date, Delry purchased 100 dishwashers for $20,000 on credit; however, the seller paid the $1,200 freight. The credit terms for the dishwashers were 2/10, n/30. On August 3rd, Delry determined that 5 of the refrigerators were defective, so they were returned to the seller. Delry paid for the dishwashers on August 9th. On August 10th, Delry purchased 90 microwave ovens for $9,000 on credit with terms 1/10, n/30. The seller paid the freight. Delry paid for the microwave ovens on August 21st. Delry uses a perpetual inventory system.
Refer to the information presented for Delry Appliances. Prepare all of Delry's journal entries for August.

Delry Appliances on August 1, 2012, Delry Appliances Purchased 75 Refrigerators for Refrigerators