Reference no: EM133133361
Question - The following selected transactions were completed by Capers Company during October of the current year:
Oct. 1 Purchased merchandise from UK Imports Co., $14,448, terms FOB destination, n/30.
Oct. 3 Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $220 was added to the invoice.
Oct. 4 Purchased merchandise from Taco Co., $13,650, terms FOB destination, 2/10, n/30.
Oct. 6 Issued debit memo to Taco Co. for $4,550 of merchandise returned from purchase on October 4.
Oct. 13 Paid Hoagie Co. for invoice of October 3.
Oct. 14 Paid Taco Co. for invoice of October 4 less debit memo of October 6.
Oct. 19 Purchased merchandise from Veggie Co., $27,300, terms FOB shipping point, n/eom.
Oct. 19 Paid freight of $400 on October 19 purchase from Veggie Co.
Oct. 20 Purchased merchandise from Caesar Salad Co., $22,000, terms FOB destination, 1/10, n/30.
Oct. 30 Paid Caesar Salad Co. for invoice of October 20.
Oct. 31 Paid UK Imports Co. for invoice of October 1.
Oct. 31 Paid Veggie Co. for invoice of October 19.
Required - Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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