Essay
Presented here are selected transactions for the Foyle Company during April. Foyle uses the periodic inventory system.
April 1 Sold merchandise to Land Company for $4,000, terms 2/10, n/30. The merchandise sold had a cost of $2,000.
2 Purchased merchandise from Webb Corporation for $6,000, terms 1/10, n/30.
4 Purchased merchandise from Ryan Company for $2,000, n/30.
10 Received payment from Land Company for purchase of April 1 less appropriate discount.
11 Paid Webb Corporation for April 2 purchase.
Instructions
Journalize the April transactions for Foyle Company.
Correct Answer:
Verified
Correct Answer:
Verified
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