Required prepare journal entries for these transactions from rockford

Journal entries for merchandise transactions – perpetual system Rockford Corporation, which began business on August 1, cells on terms of 2/10, n/30. Credit terms for its purchases very with the supplier. Selected transactions for August are given below. Unless noted all trans actions are on account and involve merchandise held for resale the perpetual inventory system is used.

Aug 1 Purchased merchandise from Norris Inc., $3400, terms 2/10, and n/30

5 paid freight on shipment from Norris Inc., $160

    7 sold merchandise to Denton Corporation, $4800 ($3400 cost).

7 paid $240 freight on August 7 shipment and build Denton for the charges.

9 returned $600 worth of the merchandise purchased August 1 from Norris Inc. because it was defective. Norris approved the return

9 received $800 of return merchandise ($600 cost) from the corporation. Rockford approved the return.

10 paid Norris, Inc., the amount due

14 purchased from chambers Inc., goods with the price of $8000. Terms 1/10, and n/30

15 paid freight on shipment from chambers Inc. $280

17 received the amount due from the corporation.

18 sold merchandise to Weber Inc. $9600 ($6600 cost)

20 paid $320 freight on August 18 shipment and build Weber for the charges

24 paid chambers Inc. the amount due

28 received the amount due from Weber Inc.

Required prepare journal entries for these transactions from Rockford Corporation

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Benefits of our college essay writing service

  • 80+ disciplines

    Buy an essay in any subject you find difficult—we’ll have a specialist in it ready

  • 4-hour deadlines

    Ask for help with your most urgent short tasks—we can complete them in 4 hours!

  • Free revision

    Get your paper revised for free if it doesn’t meet your instructions.

  • 24/7 support

    Contact us anytime if you need help with your essay

  • Custom formatting

    APA, MLA, Chicago—we can use any formatting style you need.

  • Plagiarism check

    Get a paper that’s fully original and checked for plagiarism

What the numbers say?

  • 527
    writers active
  • 9.5 out of 10
    current average quality score
  • 98.40%
    of orders delivered on time