Solved

Journalize the Following Transactions $2,000\$ 2,000 From the Bartkowski Inc $4,000\$ 4,000

Question 74

Essay

Journalize the following transactions. All purchases are on account and subject to terms of 2/10, n/30. The periodic inventory method is used.
Nov. 3 Purchased merchandise with a price of $2,000\$ 2,000 from the Bartkowski Inc.
Nov. 5 Purchased merchandise from the Thiesman and Co. with a price of $4,000\$ 4,000 .
Nov. 7 Purchased merchandise with a price of $2,000\$ 2,000 from the Montana Supply Co.
Nov. 10 Paid the amount due to Bartkowski Inc.
Nov. 12 Paid the amount due to Thiesman and Co.
Nov. 23 Paid the amount due to Montana Supply Co.
-Journalize the Nov.5 transaction.
 Journalize the following transactions. All purchases are on account and subject to terms of 2/10, n/30. The periodic inventory method is used. Nov. 3 Purchased merchandise with a price of  \$ 2,000  from the Bartkowski Inc. Nov. 5 Purchased merchandise from the Thiesman and Co. with a price of  \$ 4,000 . Nov. 7 Purchased merchandise with a price of  \$ 2,000  from the Montana Supply Co. Nov. 10 Paid the amount due to Bartkowski Inc. Nov. 12 Paid the amount due to Thiesman and Co. Nov. 23 Paid the amount due to Montana Supply Co. -Journalize the Nov.5 transaction.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents