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Prepare the journal entries to record these transactions

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Reference no: EM131761584

Information related to Harwick Co. is presented below.

1. On April 5, purchased merchandise from Botham Company for $29,500, terms 4/10, net/30, FOB shipping point.

2. On April 6, paid freight costs of $960 on merchandise purchased from Botham.

3. On April 7, purchased equipment on account for $45,200.

4. On April 8, returned damaged merchandise to Botham Company and was granted a $5,800 credit for returned merchandise.

5. On April 15, paid the amount due to Botham Company in full.

Prepare the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM131761584

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