The following selected transactions were completed by Petunia Co


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The following selected transactions were completed by Petunia Co 1 answer below » The following selected transactions were completed by Petunia Co. during August of the current year: Aug. 1 Purchased merchandise from Fisher Co., $8,500, terms FOB shipping point, 2/10, n/eom. Prepaid transportation costs of $250 were added to the invoice. 5 Purchased merchandise from Byrd Co., $10,400, terms FOB destination, n/30. 10 Paid Fisher Co. for invoice of August 1, less discount. 13 Purchased merchandise from Mickle Co., $7,500, terms FOB destination, 1/10, n/30. 14 Issued debit memorandum to Mickle Co. for $2,500 of merchandise returned from purchase on August 13. 18 Purchased View complete question » The following selected transactions were completed by Petunia Co. during August of the current year: Aug. 1 Purchased merchandise from Fisher Co., $8,500, terms FOB shipping point, 2/10, n/eom. Prepaid transportation costs of $250 were added to the invoice. 5 Purchased merchandise from Byrd Co., $10,400, terms FOB destination, n/30. 10 Paid Fisher Co. for invoice of August 1, less discount. 13 Purchased merchandise from Mickle Co., $7,500, terms FOB destination, 1/10, n/30. 14 Issued debit memorandum to Mickle Co. for $2,500 of merchandise returned from purchase on August 13. 18 Purchased merchandise from Lanning Company, $10,000, terms FOB shipping point, n/eom. 18 Paid transportation charges of $150 on August 18 purchase from Lanning Company. 19 Purchased merchandise from Hatcher Co., $7,500, terms FOB destination, 2/10, n/30. 23 Paid Mickle Co. for invoice of August 13, less debit memorandum of August 14 and discount. 29 Paid Hatcher Co. for invoice of August 19, less discount. 31 Paid Lanning Company for invoice of August 18. 31 Paid Byrd Co. for invoice of August 5. Instructions Journalize the entries to record the transactions of Petunia Co. for August. View less » Oct 11 2013 08:11 AM

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