Answer:
Fronke's Fashions
General Journal
Date Transactions Debit Credit
April 1: Inventory $2,310
Cash $2,310
To record the purchase of inventory for cash.
April 2: Cash $218
Inventory $218
To record the return of inventory with a cash refund.
April 4: Inventory $871
Accounts payable (Breit Distributors) $871
To record the purchase of goods on account, terms n/30.
April 7: Accounts payable
(Breit Distributors) $58
Inventory $58
To record the return of goods on account.
April 30: Accounts payable
(Breit Distributors) $813
Cash $813
To record the payment on account.
Explanation:
a) Data and Analysis:
April 1: Inventory $2,310 Cash $2,310
April 2: Cash $218 Inventory $218
April 4: Inventory $871 Accounts payable (Breit Distributors) $871, terms n/30
April 7: Accounts payable (Breit Distributors) $58 Inventory $58
April 30: Accounts payable (Breit Distributors) $813 Cash $813
