Chapter 6, Problem 16EA

Record journal entries for the following purchase transactions of Flower Company.

A. On October 13, Flower Company purchased 85 bushels of flowers with cash for $1,300.

B. On October 20, Flower Company purchased 240 bushels of flowers for $20 per bushel on credit. Terms of the purchase were 5/10, n/30, invoice dated October 20.

C. On October 30, Flower Company paid its account in full for the October 20 purchase.