Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system.
April 1 Sold merchandise to Mann Company for $5,500, terms 2/10, n/30. The merchandise sold had a cost of $2,500.
April 2 Purchased merchandise from Wild Corporation for $9,000, terms 1/10, n/30.
April 4 Purchased merchandise from Ryan Company for $1,000, n/30.
April 10 Received payment from Mann Company for purchase of April 1 less appropriate discount.
April 11 Paid Wild Corporation for April 2 purchase.
Journalize the April transactions for Leiss Company.
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Home » Business » Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system. April 1 Sold merchandise to Mann Company for $5,500, terms 2/10, n/30. The merchandise sold had a cost of $2,500.