Table 5-10
July 1 Purchased of inventory on credit , FOB shipping point.
2 Paid the shipping fee of for the July 1st purchase.
5 Purchased supplies on credit for .
8 Sold inventory on credit to a customer for (cost ).
Sold inventory on credit to a customer for less a quantity discount of
(cost
12 Purchased of inventory on credit , n/30, FOB destination.
15 Returned of defective merchandise from the July 1st purchase
16 Paid for the July 1st purchase less the return.
18 Received payment from the sale on July 8th.
22 Received payment from the sale on July 12 th.
25 Paid the July utility bill, .
30 Paid emp loyee's salary .
-Refer to Table 5-10. Record the July transactions in the general journal.
Correct Answer:
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