Question

assignment Exercise 5-os On June 10, Sage Hill Company purchased $7,500 of merchandise from Oriole Company, on account, terms 2/10, 10. Sage pays the bright costs of totaling $300 are returned to Oviole for credit on June 12. On June 19, Sage Company Days Orice Company in less the purchased count och companie inventory System Goods a perpetu Prepare separate entries for each transaction on the books of age Hill Company (no entry is amounts. Cred account tres are automatically indented when amount is ente Do not inden problem.) select "No Entry for the accounts and enter for the amily. Record Journal entries in the order presented in the dy Date Account Titles and planation Debit Credit June 10 June 117 June 12 June 19 A Donosco

Answer 1

date	account	debit	credit
June 10	purchase	7,500
	account payable		7,500
June 11	freight charges	360
	cash		360
June 12	account payable	300
	purchase return		300
June 19	account payable	7,200
	purchase discount		720
	cash		6,480