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Journalize the following: Global started the period with 800 units of Alpha...

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Accounting

Journalize the following:

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Global started the period with 800 units of Alpha each had cost $20. Q1. Global purchased 2,000 units of a merchandise at $22 each from Reynold Company on account, terms 2/10, n/30, FOB Shipping Point. Sales taxes was 6% which was not included in the price. In addition, Reynold Company charged Global Company $200 for shipping and handling. Q2. Global returned 50 units and received credit Q3. Global paid Reynold Company in full within discount period. Q4. Global sold 2,400 units of Alpha at $40 each plus 8% sales taxes to Polo Company. Sales taxes was not included in price. Terms were 1/10, n/30. Q5. Polo Company returned 100 units and received credit. 0 6. Global collected from Polo Company in full within discount period. Q7. Global received a past due bill for the amount of $8,000 for advertising in TV last year. Apparently, the initial bill was lost in mail and because of that Global had not recorded this expense last year. Global paid the $8,000 to the TV station. Last year company was subject to 30% income tax rate. Provide the necessary journal entry to record this payment

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