Information related to Marigold Co. is presented below. On April 5, purchased merchandise...
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Accounting
Information related to Marigold Co is presented below.
On April purchased merchandise from Mockingbird Company for $ terms net FOB shipping point.
On April paid freight costs of $ on merchandise purchased from Mockingbird.
On April purchased equipment on account for $
On April returned damaged merchandise to Mockingbird Company and was granted a $ credit for returned merchandise.
On April paid the amount due to Mockingbird Company in full.
a
Prepare the journal entries to record these transactions on the books of Marigold Co under a perpetual inventory system. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record joumal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the amounts.
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