Joumalize the following transactions for the buyer, Hiil Compary, using the gress method to account...
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Accounting
Joumalize the following transactions for the buyer, Hiil Compary, using the gress method to account for purchase discounts Assume a perpetualinentery Sistem. September 4 Purchased merchandise from Wilsms Company on account, $15,000, terms 4/10, n/30. The goods are shipped EOB shipoing ooint, freight prepsid by seller, $370. September 10 Retumed to Willams Compary merchandise previously purchased on accouns, $3,000. September 15 Paid the amount due to Wiliams Company
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