On June 10, Ayayai Company purchased $8,900 of merchandise on account from Whispering Winds Company,...
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On June Ayayai Company purchased $ of merchandise on account from Whispering Winds Company, FOB shipping point, terms Ayayai pays the freight costs of $ on June Goods totaling $ are returned to Whispering Winds for credit on June On June Ayayai pays Whispering Winds Company in full, less the discount. Both companies use a perpefual inventory system. a Your answer is partially correct. Prepare separate entries for each transaction on the books of Ayayai Company. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. Date Account Titles and Explanation Accounts Receivable Sales Revenue June Cost of Goods Sold 
On June Ayayai Company purchased $ of merchandise on account from Whispering Winds Company, FOB shipping point, terms Ayayai pays the freight costs of $ on June Goods totaling $ are returned to Whispering Winds for credit on June On June Ayayai pays Whispering Winds Company in full, less the discount. Both companies use a perpefual inventory system.
a
Your answer is partially correct.
Prepare separate entries for each transaction on the books of Ayayai Company. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.
Date
Account Titles and Explanation
Accounts Receivable
Sales Revenue
June
Cost of Goods Sold
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