26) Journalize the following transactions using the perpetual inventory method. Nov. 1Purchased $3,600 of merchandise from Hilltop, terms 2/10, n/30. Nov. 5Purchased $1,750 of merchandise for cash...





26) Journalize the following transactions using the perpetual inventory method.



Nov. 1Purchased $3,600 of merchandise from Hilltop, terms 2/10, n/30.



Nov. 5Purchased $1,750 of merchandise for cash from Owen’s Supply.



Nov. 7Purchased $3,400 of merchandise from Seaside, terms 1/15, n/30.



Nov. 10Returned $500 of merchandise to Seaside. Credit Memo #131.



Nov. 11Paid the invoice from Hilltop.





27) Journalize the following transactions using the perpetual inventory method.





Aug. 6 Purchased $830 of inventory on account from Johnston with terms of 2/10, n/30.



Aug. 8 Purchased $2,611 of inventory for cash from Pillner Company.



Aug.15 Paid for August 6 purchase from Johnston.



Aug. 17 Purchased $1,743 of merchandise on account from Luis Company with Terms of 3/15, n/45.









May 15, 2022
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