189. A company had the following transactions during January:
Jan. 2Purchased merchandise, invoice price of $16,000, with terms 2/10, n/30.
4Received a credit memorandum for $4,000, the invoice price onmerchandise returnedfrom the purchase of January 2.
12Purchased merchandise, invoice price of $15,000, with terms 3/15, n/30.
26Paid for the merchandise purchased on January 12.
30Paid for the merchandise purchased on January 2.
Using the net method of recording purchases, prepare the journal entries to record these January transactions.
190. A company records purchase invoices at net amounts. On March 5, the company recorded merchandise purchased, invoice price $17,000, terms 2/15, n/60. On March 24, this company discovered that the invoice had been incorrectly filed and the discount had been lost. The invoice was paid on April 1. Prepare journal entries to record these events.