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On June 10, Bridgeport Company purchased $7,450 of...

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Accounting

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On June 10, Bridgeport Company purchased $7,450 of merchandise on account from Bramble Company. FOB shipping point, terms 2/10,n/30. Bridgeport pays the freight costs of $560 on June 11 . Goods totaling $650 are returned to Bramble for credit on June 12. On June 19, Bridgeport pays Bramble Company in full, less the discount. Both companies use a perpetual inventory system. (a) Your answer is partially correct. Prepare separate entries for each transaction on the books of Bridgeport Company. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.)

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