Answer:
Oct. 1 Purchased merchandise from UK Imports Co., $13,377, terms FOB destination, n/30.
Dr Merchandise inventory 13,377
Cr Accounts payable 13,377
Oct. 3 Purchased merchandise from Hoagie Co., $10,650, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $230 was added to the invoice.
Dr Merchandise inventory 10,880
Cr Accounts payable 10,880
Oct. 4 Purchased merchandise from Taco Co., $14,350, terms FOB destination, 2/10, n/30.
Dr Merchandise inventory 14,350
Cr Accounts payable 14,350
Oct. 6 Issued debit memo to Taco Co. for $5,000 of merchandise returned from purchase on October 4.
Dr Accounts payable 5,000
Cr Merchandise inventory 5,000
Oct. 13 Paid Hoagie Co. for invoice of October 3.
Dr Accounts payable 10,880
Cr Cash 10,667
Cr Purchase discounts 213
Oct. 14 Paid Taco Co. for invoice of October 4, less debit memo of October 6.
Dr Accounts payable 9,350
Cr Cash 9,163
Cr Purchase discounts 187
Oct. 19 Purchased merchandise from Veggie Co., $25,850, terms FOB shipping point, n/eom.
Dr Merchandise inventory 25,850
Cr Accounts payable 25,850
Oct. 19 Paid freight of $430 on October 19 purchase from Veggie Co.
Dr Merchandise inventory 430
Cr Cash 430
Oct. 20 Purchased merchandise from Caesar Salad Co., $23,000, terms FOB destination, 1/10, n/30.
Dr Merchandise inventory 23,000
Cr Accounts payable 23,000
Oct. 30 Paid Caesar Salad Co. for invoice of October 20.
Dr Accounts payable 23,000
Cr Cash 22,770
Cr Purchase discounts 230
Oct. 31 Paid UK Imports Co. for invoice of October 1.
Dr Accounts payable 13,377
Cr Cash 13,377
Oct. 31 Paid Veggie Co. for invoice of October 19.
Dr Accounts payable 25,850
Cr Cash 25,850
