Scruffy Brothers Supply uses a periodic inventory system. During May, the following transactions and events occurred.

May 13 $\quad $Purchased 8 motors at a cost of $45 each from Charlie Company, terms 4/10, n/30. The motors cost Charlie Company $26 each.

May 16 $\quad $Returned 1 defective motor to Charlie.

May 23 $\quad $Paid Charlie Company in full. Round to nearest dollar.

Instructions
Journalize the May transactions for Scruffy Brothers. You may omit explanations.

Question

Scruffy Brothers Supply uses a periodic inventory system. During May, the following transactions and events occurred.

May	13	 $\quad $Purchased 8 motors at a cost of $45 each from Charlie Company, terms 4/10, n/30.  The motors cost Charlie Company $26 each.

May	16	 $\quad $Returned 1 defective motor to Charlie.

May	 23	 $\quad $Paid Charlie Company in full. Round to nearest dollar.

Instructions
Journalize the May transactions for Scruffy Brothers. You may omit explanations.

Quizplus · Accepted Answer

The Answer of Scruffy Brothers Supply uses a periodic inventory system. During May, the following transactions and events occurred.

May	13	 $\quad $Purchased 8 motors at a cost of $45 each from Charlie Company, terms 4/10, n/30.  The motors cost Charlie Company $26 each.

May	16	 $\quad $Returned 1 defective motor to Charlie.

May	 23	 $\quad $Paid Charlie Company in full. Round to nearest dollar.

Instructions
Journalize the May transactions for Scruffy Brothers. You may omit explanations.

Scruffy Brothers Supply Uses a Periodic Inventory System \quad Purchased 8 Motors at a Cost of $45 Each from the Following