Purchase-Related Transactions Using Perpetual Inventory System InstructionsChart of AccountsJournal Instructions The following selected transactions were completed by Capers Company during October of the current year:Oct.1Purchased merchandise from UK Imports Co., $13,322, terms FOB destination, n/30. 3Purchased merchandise from Hoagie Co., $10,650, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $240 was added to the invoice. 4Purchased merchandise from Taco Co., $13,700, terms FOB destination, 2/10, n/30. 6Issued debit memo to Taco Co. for $4,850 of merchandise returned from purchase on October 4. 13Paid Hoagie Co. for invoice of October 3. 14Paid Taco Co. for invoice of October 4 less debit memo of October 6. 19Purchased merchandise from Veggie Co., $29,840, terms FOB shipping point, n/eom. 19Paid freight of $410 on October 19 purchase from Veggie Co. 20Purchased merchandise from Caesar Salad Co., $22,200, terms FOB destination, 1/10, n/30. 30Paid Caesar Salad Co. for invoice of October 20. 31Paid UK Imports Co. for invoice of October 1. 31Paid Veggie Co. for invoice of October 19. Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Chart of Accounts CHART OF ACCOUNTSCapers CompanyGeneral Ledger ASSETS110Cash120Accounts Receivable125Notes Receivable130Merchandise Inventory131Estimated Returns Inventory140Office Supplies141Store Supplies142Prepaid Insurance180Land192Store Equipment193Accumulated Depreciation-Store Equipment194Office Equipment195Accumulated Depreciation-Office Equipment LIABILITIES211Accounts Payable-Caesar Salad Co.212Accounts Payable-Hoagie Co.213Accounts Payable-Taco Co.214Accounts Payable-UK Imports Co.215Accounts Payable-Veggie Co.216Salaries Payable218Sales Tax Payable219Customers Refunds Payable221Notes Payable EQUITY310Owner, Capital311Owner, Drawing312Income Summary REVENUE410Sales610Interest Revenue EXPENSES510Cost of Merchandise Sold521Delivery Expense522Advertising Expense524Depreciation Expense-Store Equipment525Depreciation Expense-Office Equipment526Salaries Expense531Rent Expense533Insurance Expense534Store Supplies Expense535Office Supplies Expense536Credit Card Expense539Miscellaneous Expense710Interest Expense Journal Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.PAGE 10 JOURNALACCOUNTING EQUATION DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 x CengageNOWv2 | Online teachin xS "To maintain public confidence.b My Questions | bartlebyContentA v2.cengagenow.com/iln/takeAssignment/takeAssignmentMain.do?inprogress=trueChapter 6 Homework #2еВookPurchase-Related Transactions Using Perpetual Inventory System1. EX.06.20Instructions Chart of Accounts Journal2. EX.06.23Instructions3. EX.06.24The following selected transactions were completed by Capers Company during October of the current year.4. EX.06.27.ALGOOct1Purchased merchandise from UK Imports Co., $13,322, terms FOB destination, n/30.5. EX.06.29.ALGO3Purchased merchandise from Hoagie Co., S10,650, terms FOB shipping point, 2/10, n/eom. Prepaid6. PR.06.01.BLANKSHEET AL.freight of $240 was added to the invoice.4Purchased merchandise from Taco Co., $13,700, tems FOB destination, 2/10, n/30.7. PR.06.05B6Issued debit memo to Taco Co. for $4,850 of merchandise returned from purchase on October 4.13Paid Hoagie Co. for invoice of October 3.14Paid Taco Co. for invoice of October 4 less debit memo of October 6.19Purchased merchandise from Veggie Co., $29,840, terms FOB shipping point, n/eom.19Paid freight of S410 on October 19 purchase from Veggie Co.20Purchased merchandise from Caesar Salad Co., S22,200, terms FOB destination, 1/10, n/30.30Paid Caesar Salad Co. for invoice of October 20.31Paid UK Imports Co. for invoice of October 1.31Paid Veggie Co. for invoice of October 19.Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines forinurnal evnlanatinne Even line on a inurnal nane is uned for dehit or oradit antrier CNOW inurnale unill artomatinalhe indent a radit antor arhen a credlit amount in onteradCheck My Work.PreviousNextProgress: 6/7 itemsEmail Instructor Submit Test for Grading10:15 AMXA D ll )1/31/2021 * CengageNOWv2 | Online teachin xS "To maintain public confidence a xb My Questions | bartlebyContentA v2.cengagenow.com/iln/takeAssignment/takeAssignmentMain.do?inprogress=trueChapter 6 Homework #2еВookDATEDESCRIPTIONPOST, REF.DEBITCREDITASSETSLIABILITIESEQUITY1. EX.06.20Oct 1 Merchandise Inventory113.322.00Accounts Payable-UK Imports Co.13,322.0022. EX.06.23Oct 3Merchandise Inventory3. EX.06.244Accounts Payable-Hoagie Co.4. EX.06.27 ALGOOct. 4 Merchandise Inventory6Accounts Payable-Taco Co.5. EX.06.29.ALGO7Oct 6Accounts Payable-Taco Co.6. PR.06.01.BLANKSHEET AL.Merchandise Inventory87. PR.06.05BOct. 13Accounts Payable-Hoagie Co.10,677.0010Cash10,677.00Oct. 14 Accounts Payable-Taco Co.8,673.001112Cash8,673.001329,840.0014Cash29,840.00Oct. 19 Merchandise Inventory29,840.001516Accounts Payable-Veggie Co.29,840.00Oct. 19 Merchandise Inventory410.001718Cash410.00| 19Oct. 20 Merchandise Inventory21,978.00Check My WorkPreviousNextProgress: 6/7 itemsEmail Instructor Submit Test for Gradinga10:16 AM9.O .ll )X1/31/2021

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Description: Purchase-Related Transactions Using Perpetual Inventory System InstructionsChart of AccountsJournal Instructions The following selected transactions were completed by Capers Company during October of the current year:Oct.1Purchased merchandise fro

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Purchase-Related Transactions Using Perpetual Inventory System InstructionsChart of AccountsJournal   Instructions  The following selected transactions were completed by Capers Company during October of the current year:Oct.1Purchased merchandise from UK Imports Co., $13,322, terms FOB destination, n/30. 3Purchased merchandise from Hoagie Co., $10,650, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $240 was added to the invoice. 4Purchased merchandise from Taco Co., $13,700, terms FOB destination, 2/10, n/30. 6Issued debit memo to Taco Co. for $4,850 of merchandise returned from purchase on October 4. 13Paid Hoagie Co. for invoice of October 3. 14Paid Taco Co. for invoice of October 4 less debit memo of October 6. 19Purchased merchandise from Veggie Co., $29,840, terms FOB shipping point, n/eom. 19Paid freight of $410 on October 19 purchase from Veggie Co. 20Purchased merchandise from Caesar Salad Co., $22,200, terms FOB destination, 1/10, n/30. 30Paid Caesar Salad Co. for invoice of October 20. 31Paid UK Imports Co. for invoice of October 1. 31Paid Veggie Co. for invoice of October 19. Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Chart of Accounts  CHART OF ACCOUNTSCapers CompanyGeneral Ledger ASSETS110Cash120Accounts Receivable125Notes Receivable130Merchandise Inventory131Estimated Returns Inventory140Office Supplies141Store Supplies142Prepaid Insurance180Land192Store Equipment193Accumulated Depreciation-Store Equipment194Office Equipment195Accumulated Depreciation-Office Equipment LIABILITIES211Accounts Payable-Caesar Salad Co.212Accounts Payable-Hoagie Co.213Accounts Payable-Taco Co.214Accounts Payable-UK Imports Co.215Accounts Payable-Veggie Co.216Salaries Payable218Sales Tax Payable219Customers Refunds Payable221Notes Payable EQUITY310Owner, Capital311Owner, Drawing312Income Summary REVENUE410Sales610Interest Revenue EXPENSES510Cost of Merchandise Sold521Delivery Expense522Advertising Expense524Depreciation Expense-Store Equipment525Depreciation Expense-Office Equipment526Salaries Expense531Rent Expense533Insurance Expense534Store Supplies Expense535Office Supplies Expense536Credit Card Expense539Miscellaneous Expense710Interest Expense  Journal  Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.PAGE 10 JOURNALACCOUNTING EQUATION  DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1        2        3        4        5        6        7        8        9        10        11        12        13        14        15        16        17        18        19        20        21        22        23        24 x CengageNOWv2 | Online teachin xS &#34;To maintain public confidence.b My Questions | bartlebyContentA v2.cengagenow.com/iln/takeAssignment/takeAssignmentMain.do?inprogress=trueChapter 6 Homework #2еВookPurchase-Related Transactions Using Perpetual Inventory System1. EX.06.20Instructions Chart of Accounts Journal2. EX.06.23Instructions3. EX.06.24The following selected transactions were completed by Capers Company during October of the current year.4. EX.06.27.ALGOOct1Purchased merchandise from UK Imports Co., $13,322, terms FOB destination, n/30.5. EX.06.29.ALGO3Purchased merchandise from Hoagie Co., S10,650, terms FOB shipping point, 2/10, n/eom. Prepaid6. PR.06.01.BLANKSHEET AL.freight of $240 was added to the invoice.4Purchased merchandise from Taco Co., $13,700, tems FOB destination, 2/10, n/30.7. PR.06.05B6Issued debit memo to Taco Co. for $4,850 of merchandise returned from purchase on October 4.13Paid Hoagie Co. for invoice of October 3.14Paid Taco Co. for invoice of October 4 less debit memo of October 6.19Purchased merchandise from Veggie Co., $29,840, terms FOB shipping point, n/eom.19Paid freight of S410 on October 19 purchase from Veggie Co.20Purchased merchandise from Caesar Salad Co., S22,200, terms FOB destination, 1/10, n/30.30Paid Caesar Salad Co. for invoice of October 20.31Paid UK Imports Co. for invoice of October 1.31Paid Veggie Co. for invoice of October 19.Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines forinurnal evnlanatinne Even line on a inurnal nane is uned for dehit or oradit antrier CNOW inurnale unill artomatinalhe indent a radit antor arhen a credlit amount in onteradCheck My Work.PreviousNextProgress: 6/7 itemsEmail Instructor Submit Test for Grading10:15 AMXA D ll )1/31/2021 * CengageNOWv2 | Online teachin xS &#34;To maintain public confidence a xb My Questions | bartlebyContentA v2.cengagenow.com/iln/takeAssignment/takeAssignmentMain.do?inprogress=trueChapter 6 Homework #2еВookDATEDESCRIPTIONPOST, REF.DEBITCREDITASSETSLIABILITIESEQUITY1. EX.06.20Oct 1 Merchandise Inventory113.322.00Accounts Payable-UK Imports Co.13,322.0022. EX.06.23Oct 3Merchandise Inventory3. EX.06.244Accounts Payable-Hoagie Co.4. EX.06.27 ALGOOct. 4 Merchandise Inventory6Accounts Payable-Taco Co.5. EX.06.29.ALGO7Oct 6Accounts Payable-Taco Co.6. PR.06.01.BLANKSHEET AL.Merchandise Inventory87. PR.06.05BOct. 13Accounts Payable-Hoagie Co.10,677.0010Cash10,677.00Oct. 14 Accounts Payable-Taco Co.8,673.001112Cash8,673.001329,840.0014Cash29,840.00Oct. 19 Merchandise Inventory29,840.001516Accounts Payable-Veggie Co.29,840.00Oct. 19 Merchandise Inventory410.001718Cash410.00| 19Oct. 20 Merchandise Inventory21,978.00Check My WorkPreviousNextProgress: 6/7 itemsEmail Instructor Submit Test for Gradinga10:16 AM9.O .ll )X1/31/2021

Accepted Answer

Journal is a book of original entry in which all the financial transactions of the business are…

Oct.	1	Purchased merchandise from UK Imports Co., $13,322, terms FOB destination, n/30.
	3	Purchased merchandise from Hoagie Co., $10,650, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $240 was added to the invoice.
	4	Purchased merchandise from Taco Co., $13,700, terms FOB destination, 2/10, n/30.
	6	Issued debit memo to Taco Co. for $4,850 of merchandise returned 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 of October 6.
	19	Purchased merchandise from Veggie Co., $29,840, terms FOB shipping point, n/eom.
	19	Paid freight of $410 on October 19 purchase from Veggie Co.
	20	Purchased merchandise from Caesar Salad Co., $22,200, terms FOB destination, 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.

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