Journalize the entries to record the transactions of Niles Co. for March. If an amount...
80.2K
Verified Solution
Question
Accounting
Journalize the entries to record the transactions of Niles Co. for March. If an amount box does not require an entry, leave it blank. Mar. 10 Accounts Payable-Haas Co: Sales x Mar. 14 Accounts Payable-jost Co. Inventory Mar, 19 Accounts Payable-Bickle Co: x cosh Accounts Payable-Farhurst Company Mac. 18 Inventory v Mar, 19 Accounts Payable-Bickle Co. x cash x Purchasex Mar: 29 Accounts Pavable-Bickle Co. Mar. 31 Accounts Payable-Fairhurst Company Cash Mar. 31 Accounts Payable-Whitman Co. cosh Purchase-related transactions using perpetual inventory system The following selected trensactions were completed by Niles Co. during March of the current year: Mar. 1. Purchased merchandise from Haas CO4,$9,450, terms FOD shipping point, 2/10, n/30, Prepaid freight of $215 was added to the invoice. 5. Purchased merchandise from Whitman Co5,$14,998, terms FOB destination, n/eom. 10. Paid Hass Co, for invoice of March 1. 13. Purchased merchandise from Jost Co. $13,650, terms FOB destination, 2/10,n/30. 14. Issued debit memo to Jost Co, for merchandise with an invoice amount of $4,550 returned from purchase on March 13 . 18. Purchased merchandise from Fairhurst Company, $29,430, terms Fob shipping point, n/eom. 18. Paid freight of $400 on March 18 purchase from Fairhurst Company. 19. Purchased merchandise from Bickle CO0,$21,700, terms FFO destination, 2/10,n/30. 23. Paid Jost Co. for invoice of March 13, less debit memo of March 14. 29. Paid Bickle Co, for involce of March 19. 31. Paid Fairhurst Company for invoice of March 18. 31. Paid Whitman Co, for invoice of March 5. Required



Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.