On June 2, Sandoval Corporation purchased $9,000 of merchandise from Johnston Company, terms 3/10, n/30 and prepared voucher #402. Sandoval returned $400 of the supplies on June 8, because of poor quality. Sandoval cancelled voucher #402 and replaced it with #415.
Required: Prepare journal entries to record the above transactions. Assume Sandoval uses the net method for recording purchases. Omit explanations. Sandoval uses the periodic method.

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The Answer of On June 2, Sandoval Corporation purchased $9,000 of merchandise from Johnston Company, terms 3/10, n/30 and prepared voucher #402. Sandoval returned $400 of the supplies on June 8, because of poor quality. Sandoval cancelled voucher #402 and replaced it with #415.
Required: Prepare journal entries to record the above transactions. Assume Sandoval uses the net method for recording purchases. Omit explanations. Sandoval uses the periodic method.

On June 2, Sandoval Corporation Purchased $9,000 of Merchandise from Johnston