OTA Corporation completed the following events as part of its acquisition/payment process.Record each one in general journal format; if an event does not require a journal entry, write "not applicable."
a.Received request to order 300 units of inventory with an expected cost of $1,400.
b.Purchased inventory on account, $1,500.Terms: 2/10, n/30.
c.Paid freight bill on inbound inventory, $300.
d.Received previously ordered inventory.
e.Returned previously purchased merchandise to supplier, $200.
f.Paid vendor total amount owed on the 15^th day after purchase.

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The Answer of OTA Corporation completed the following events as part of its acquisition/payment process.Record each one in general journal format; if an event does not require a journal entry, write "not applicable." a.Received request to order 300 units of inventory with an expected cost of $1,400. b.Purchased inventory on account, $1,500.Terms: 2/10, n/30. c.Paid freight bill on inbound inventory, $300. d.Received previously ordered inventory. e.Returned previously purchased merchandise to supplier, $200. f.Paid vendor total amount owed on the 15^th day after purchase.

OTA Corporation Completed the Following Events as Part of Its