Reference no: EM132524808
Question - The following selected transactions were completed by Niles Co. during March, 2020.
1. Purchased merchandise from Haas Co., $46,350, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $850 was added to the invoice.
5. Purchased merchandise from Whitman Co., $19,795, terms FOB destination, n/30.
10. Paid Haas Co. for invoice of March 1.
13. Purchased merchandise from Jost Co., $25,550, terms FOB destination, 2/10, n/30.
18. Purchased merchandise from Fairhurst Company, $18,560, terms FOB shipping point, n/eom.
18. Paid freight of $160 on March 18 purchase from Fairhurst Company.
19. Purchased merchandise from Bickle Co., $8,500, terms FOB destination, 2/10, n/30.
29. Paid Bickle Co. for invoice of March 19.
31. Paid Fairhurst Company for invoice of March 18.
31. Paid Whitman Co. for invoice of March 5.
Requirement - Journalize the entries to record the transactions of Niles Co. for March using the below form.
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