Reference no: EM132694732
Problem - 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.
Instructions - Journalize the entries to record the transactions of Capers Company for October.
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