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Marshall Supplies Is a Janitorial Supply Store That Uses Perpetual

Question 190

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Marshall Supplies is a janitorial supply store that uses perpetual inventory. Journalize the following transactions:
On July 4, Marshall purchases inventory for sale from Tidy Wholesalers for $8,500.00 with terms 1/10, n/30.
On July 5, Marshall pays Express Transfer $45.00 for freight-in on the July 4 order.
On July 7, Marshall buys an additional $11,985.00 in inventory from Tidy Wholesalers with terms 1/10, n/30.
On July 13, Marshall pays Tidy Wholesalers the balance due on both invoices
Journal Marshall Supplies is a janitorial supply store that uses perpetual inventory. Journalize the following transactions: On July 4, Marshall purchases inventory for sale from Tidy Wholesalers for $8,500.00 with terms 1/10, n/30. On July 5, Marshall pays Express Transfer $45.00 for freight-in on the July 4 order. On July 7, Marshall buys an additional $11,985.00 in inventory from Tidy Wholesalers with terms 1/10, n/30. On July 13, Marshall pays Tidy Wholesalers the balance due on both invoices Journal

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