Question

w2] Onlin × ntakeAssignment/takeAssignmentMain.dožinvoker nents&takeAssignmentSessionLocator assignment ook Calculator urchase-related transactions using Journal Instructions The following selected transactions were completed by Capers Company during October of the current year Oct 1 Purchased merchandise from UK Imports Co, $13,701. terms FOB destination, n/30. 3 Purchased merchandise from Hoagie Co, $8,050, terms FOB shipping point, 2/10, nleom. Prepaid freight of $225 was added to the invoice 4 Purchased merchandise from Teoo Co $13,450, terms FOB destination, 2/10, nv30 6 Issued debit memo to Taco Co. for $4.250 of merchandise returned from purchase on October 4 13 Paid Hoagie Co. for invoice of October 3 14 Paid Taco Co. for invoice of October 4, less debit memo of October 8 10 Purchased merchandise from Veggie Co. $28.290, terms FOB shipping point, nleom 10 Paid freight of $420 on October 10 purchase from Veggie Co 20 Purchased merchandise from Caesar Salad Co $20.200, terms FOB destination, 1/10, n/30. 30 Paid Caesar Salad Co for invoice of October 20 31 Paid UK Imports Co for invoice of October 1 31 Paid Veggie Co. for invoice of October 10 Joumalize the entries to record the transacions of Gapers Company for October Refer to the Chart of Acoounts for exact wording of aooount b All work saved

Answer 1

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Date	Account	Debit	Credit
Oct 1	Merchandise Inventory	$     13,701
Oct 1	Accounts Payable		$ 13,701
	(to record purchases -FOB Destination n/30)
Oct 3	Merchandise Inventory	$       8,050
Oct 3	Freight - in	$           225
Oct 3	Accounts Payable		$    8,275
	(to record purchases -FOB Shipping,2/10,n/eom)
Oct 4	Merchandise Inventory	$     13,450
Oct 4	Accounts Payable		$ 13,450
	(to record purchases -FOB Destination 2/10,n/30)
Oct 6	Accounts Payable	$       4,250
Oct 6	Merchandise Inventory		$    4,250
	(to record purchases return)
Oct 13	Accounts Payable	$       8,275
Oct 13	Merchandise Inventory		$        161	8050*2%
Oct 13	Cash		$    8,114	(8050-2%)+225
	(to record payment to Hoagie)
Oct 14	Accounts Payable	$       9,200		13450-4250
Oct 14	Merchandise Inventory		$        184	9200*2%
Oct 14	Cash		$    9,016
	(to record payment to Taco)
Oct 19	Merchandise Inventory	$     28,290
Oct 19	Accounts Payable		$ 28,290
	(to record purchases -FOB Shipping, n/eom)
Oct 19	Freight in	$           420
Oct 19	Cash		$        420
	(to record freight in on purchases)
Oct 20	Merchandise Inventory	$     20,200
Oct 20	Accounts Payable		$ 20,200
	(to record purchases -FOB destination, 1/10,n/30)
Oct 30	Accounts Payable	$     20,200
Oct 30	Merchandise Inventory		$        202	20200*1%
Oct 30	Cash		$ 19,998
	(to record payment to Caesar)
Oct 31	Accounts Payable	$     13,701
Oct 31	Cash		$ 13,701
	(to record payment to UK Importa)
Oct 31	Accounts Payable	$     28,290
Oct 31	Cash		$ 28,290
	(to record payment to Veggie)