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prepare journal entries Question 3 [20 points] Prepare journal entries for October 2014 to...

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prepare journal entries

Question 3 [20 points] Prepare journal entries for October 2014 to record the following transactions for Oppong Corporation Assume a perpetual inventory system Enter the transaction letter as the description when entering the transactions in the journal . Dates must be entered in the format dd/mmm (.e., January 15 would be 15/Jan). a October 3: Oppong Corporation purchased merchandise from Allarco Inc, for $9,700 under credit terms of 2/10, 1/60, FOB destination b. October 9: Received a credit memorandum in the amount of $4, 100 acknowledging the return of merchandise purchased from Allarco Inc on October 3 c. October 16: Oppong Corporation purchased merchandise on credit from Barton Corporation, terms 2/15, n/60, $7,900, FOB destination d. October 19. Oppong Corporation purchased supplies by paying $9 300 e. October 30: Paid Allarco inc the balance due f. October 31: Paid the balance due to Barton Corporation. Please use the '+' and '-' buttons to change the number of accounts (if necessary) for each journal entry. General Journal Page Gus Date Account/Explanation F Debit Credit +

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