Record all the transactions in general journal for macomb

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Reference no: EM131908709

Problem

Macomb Wholesale Distributor made the following transactions in year 3.

Record all the transactions in general journal form.

Mar 8th Bought inventory on account from Fountain Mfg. company for $10,400.00. terms 2/10, net 30.

Mar 10th Paid $325 to Hare transport for shipping charges for inventory we are acquiring

Mar 13th Sold merchandise on acct. to Alixx Co. for $1,500. All on acct. sales are with terms 1/10, net 30.
This merchandise cost us $600.

Mar 16th Fountain Mfg. company issued us a 500.00 credit memo related to our purchase made on Mar 8th.

Mar 17th Sold merchandise on acct. to Tyrone Sports Co. for $19,200. This merchandise cost us 10,625

Mar 17th Fully paid what is owed to Fountain Mfg.

Mar 20th Alixx Co. returned half of what they purchased on the 13th.

Mar 21st Alixx Co. fully paid what they owe us.

Mar 31st Tyrone Sports fully paid what they owe us.

Reference no: EM131908709

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