Question #15068124

Prepare the journal entries to record these transactions on Koeller Company’s books using a periodic inventory?

Prepare the journal entries to record these transactions on Koeller Company’s books using a periodic inventory system. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) (a) On March 2, Koeller Company purchased $863,400 of merchandise from Reeves Company, terms 4/10, n/30. (b) On March 6 Koeller Company returned $116,700 of the merchandise purchased on March 2. (c) On March 12 Koeller Company paid the balance due to Reeves Company.

2017-05-02 04:55:39

TELL US , if you have any answer

There is NEVER a problem, ONLY a challange!

The helpinganswers.com is a free-to-use knowledgebase.
  The helpinganswers.com was started on: 02.07.2010.
  It's free to register. Once you are a registered user, you can ask questions, or answer them.
  (Unless registration you can just answer the questions anonymously)
  Only english!!! Questions and answers in other languages will be deleted!!

Cheers: the PixelFighters

  Contact: support@helpinganswers.com

C'mon... follow us!

Made by, history, ect.