The following selected transactions were completed by CapersCompany during October of the current year:

Oct.	1	Purchased merchandise from UK Imports Co., $14,448, terms FOBdestination, n/30.
	3	Purchased merchandise from Hoagie Co., $9,950, terms FOBshipping point, 2/10, n/eom. Prepaid freight of $220 was added tothe invoice.
	4	Purchased merchandise from Taco Co., $13,650, terms FOBdestination, 2/10, n/30.
	6	Issued debit memo to Taco Co. for $4,550 of merchandisereturned from purchase on October 4.
	13	Paid Hoagie Co. for invoice of October 3.
	14	Paid Taco Co. for invoice of October 4, less debit memo ofOctober 6.
	19	Purchased merchandise from Veggie Co., $27,300, terms FOBshipping point, n/eom.
	19	Paid freight of $400 on October 19 purchase from VeggieCo.
	20	Purchased merchandise from Caesar Salad Co., $22,000, terms FOBdestination, 1/10, n/30.
	30	Paid Caesar Salad Co. for invoice of October 20.
	31	Paid UK Imports Co. for invoice of October 1.
	31	Paid Veggie Co. for invoice of October 19. Journalize the entries to record the transactions of CapersCompany for October. Refer to the Chart of Accounts for exactwording of account titles. How does grading work? PAGE 10 JOURNAL ACCOUNTING EQUATION Score: 143/301 DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 ? ? 2 ? 3 ? 4 5 ? 6 7 ? 8 9 10 11 ? ? 12 ? ? 13 14 15 ? ? 16 ? ? 17 ? ? 18 ? 19 ? ? 20 ? ? 21 ? 22 23 ? 24 Points: 28.5 / 60 Feedback Check My Work Journalize these transactions from the buyer's perspective.Discounts are taken on the amount owed to the seller, except forany freight costs. Oct. 1, 3, 4, 19 & 20: Using the perpetual inventory system,purchases of inventory on account are recorded by debiting themerchandise inventory account and crediting the accounts payableaccount. Under FOB shipping point, freight is paid by the buyer,while FOB destination freight is the seller's expense. Oftenfreight must be prepaid for the carrier to deliver. Oct. 6: Any discounts or returns are recorded directly by thebuyer who debits Accounts Payable and credits MerchandiseInventory, basically reversing what was done in recording thepurchase. Oct. 13: Since the invoice is paid within the discount period,the cash paid on account is the difference between the invoice andthe discount. Oct. 14: Returns are not eligible for discounts. Since theinvoice is paid within the discount period, Accounts Payable isdebited for the balance in the account. The cash paid on account isthe difference between the invoice and the discount, less thereturns. Oct. 19: Freight expense increases the cost of the merchandise.However, freight is typically prepaid in cash. Oct. 30: Since the invoice is paid within the discount period,the cash paid on account is the difference between the invoice andthe discount. Oct. 31 (UK Imports & Veggie): Since no discounts areallowed, no discounts are recorded. The cash paid on account ineach case is equal to the invoice.