Answer:
The Journal entries are as follows:
(i) On Apr-01,
Purchases A/c Dr. $3,850
Freight - In A/c Dr. $105
To Accounts Payable - O’Rourke Fabricators $3,955
(To record Purchased merchandise on account,Invoice 885, 3/10, n/30)
(ii) On Apr-09,
Accounts Payable - O’Rourke Fabricators A/c Dr. $3,955
To Purchase discount (3,850 x 2%) $77
To Cash $3,878
(To Record Paid amount due on Invoice 885, Check 457)
(iii) On Apr-15,
Purchases A/c Dr. $2,100
Freight - In A/c Dr. $160
To Accounts Payable - Kroll Company $2,260
(To record purchased merchandise on account,Invoice 885, 3/10, n/30)
(iv) On Apr-17,
Accounts Payable - Kroll Company A/c Dr. $135
To Purchases Returns and Allowances $135
(To record received Credit Memo 332 for return of damaged merchandise)
(v) On Apr-24,
Accounts Payable - Kroll Company A/c Dr. $2,125
To Purchase discount [(2,100 - 135 ) x 1%] $19.65
To cash $2,105.35
(To record paid amount due on Invoice 145, Check 470)
