Information related to Bramble Co. is presented below. 1. 2. 3. 4. 5. (a) On April 5, purchased merchandise on account from Kingbird Company for $25,100, terms 2/10, net/30, FOB shipping point. On April 6, paid freight costs of $790 on merchandise purchased from Kingbird. On April 7, purchased equipment on account for $26,100. On April 8, returned $4,100 of merchandise to Kingbird Company. On April 15, paid the amount due to Kingbird Company in full. Prepare the journal entries to record these transactions on the books of Bramble Co. under a perpetual inventory system. (List all

Information related to Bramble Co. is presented below. 1. 2. 3. 4. 5. (a) On April 5, purchased merchandise on account from Kingbird Company for $25,100, terms 2/10, net/30, FOB shipping point. On April 6, paid freight costs of $790 on merchandise purchased from Kingbird. On April 7, purchased equipment on account for $26,100. On April 8, returned $4,100 of merchandise to Kingbird Company. On April 15, paid the amount due to Kingbird Company in full. Prepare the journal entries to record these transactions on the books of Bramble Co. under a perpetual inventory system. (List all

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Description: Information related to Bramble Co. is presented below.1.2.3.4.5.(a)Prepare the journal entries to record these transactions on the books of Bramble Co. under a perpetual inventory system. (List alldebit entries before credit entries. Credit account

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 1M

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