Prepare brady journal entries

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Problem 1: Brady Systems entered into the transactions listed below. In the journal provided, prepare Brady's journal entries, assuming use of the periodic inventory system. Omit explanations.

June

3 Purchased $800 of merchandise on credit, terms 2/10, n/60.

6 Returned $100 of the goods purchased on June 3.

7 Paid freight charges of $70 on goods purchased on June 3.

12 Paid for the goods purchased on June 3.

13 Sold goods on credit for $1,000, terms 1/10, n/30.

14 The customer of June 13 returned $100 of the goods.

23 Received payment from the customer of June 13.

25 Purchased office supplies for $250.

Reference no: EM132783336

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