The following events pertain to Pro Flight Golf Distributors for January 2013. The company uses the perpetual inventory method. Record the following events in the general journal.
1) Jan 3. Purchased $24,000 of merchandise from a supplier, Straight Shot Golf Clubs. The terms of the purchase: 2/10, n/30 and FOB shipping point.
2) Jan 5. Paid $550 cash for freight to trucking company to have goods shipped from Straight Shot.
3) Jan 7. (a) Sold merchandise for $3,000 to a customer on account. (b) The merchandise had cost Pro Flight $1,800.
4) Jan 10. Returned $2,200 of defective golf clubs to Straight Shot.
5) Jan. 11. Paid amount due on account to Straight Shot for merchandise purchased on Jan. 3.
6) Jan. 12. a) Accepted a return of $750 of the goods sold on Jan. 7. b) The cost of these goods was $450.

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The Answer of The following events pertain to Pro Flight Golf Distributors for January 2013. The company uses the perpetual inventory method. Record the following events in the general journal.
1) Jan 3. Purchased $24,000 of merchandise from a supplier, Straight Shot Golf Clubs. The terms of the purchase: 2/10, n/30 and FOB shipping point.
2) Jan 5. Paid $550 cash for freight to trucking company to have goods shipped from Straight Shot.
3) Jan 7. (a) Sold merchandise for $3,000 to a customer on account. (b) The merchandise had cost Pro Flight $1,800.
4) Jan 10. Returned $2,200 of defective golf clubs to Straight Shot.
5) Jan. 11. Paid amount due on account to Straight Shot for merchandise purchased on Jan. 3.
6) Jan. 12. a) Accepted a return of $750 of the goods sold on Jan. 7. b) The cost of these goods was $450.

The Following Events Pertain to Pro Flight Golf Distributors for January