On June 10, Sunland Company purchased $7,800 of merchandise from Blossom Company, terms 4/10, n/30. Sunland Company pays the freight costs of $370 on June 11. Goods totaling $800 are returned to Blossom Company for credit on June 12. On June 19, Sunland Company pays Blossom Company in full, less the purchase discount. Both companies use a perpetual inventory system. (a) Prepare separate entries for each transaction on the books of Sunland Company. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount

Presented below are selected transactions for Blue Spruce Company during September and October of the current year. Blue Spruce uses a perpetual inventory system. Sept. 1   Purchased merchandise on account from Hillary Company at a cost of $46,000, FOB destination, terms 1/15, n/30. 2   The correct company paid $2,000 of freight charges to Trucking Company on the September 1 merchandise purchase. 5   Returned for credit $2,280 of damaged goods purchased from Hillary Company on September 1. 15   Sold the remaining merchandise purchased from Hillary Company to Irvine Company for $109,300, terms 2/10, n/30, FOB destination. 16   The correct company paid $2,100 of freight charges on the September 15 sale of merchandise. 17   Issued Irvine Company a credit of $5,700 for returned goods. These goods had cost Blue Spruce Company $2,280 and were returned to inventory. 25   Received the balance owing from Irvine Company for the September 15 sale. 30   Paid Hillary Company the…

On September 12, Ryan Company sold merchandise in the amount of $6,400 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $4,300. Johnson uses the periodic inventory system and the net method of accounting for purchases. The journal entry that Johnson will make on September 12 is:

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