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Information related to Cheyenne Corp
Information related to Cheyenne Corp. is presented below.
1.On April 5, purchased merchandise on account from Bramble Company for $28,200, terms 2/10, net/30, FOB shipping point.2.On April 6, paid freight costs of $500 on merchandise purchased from Bramble.3.On April 7, purchased equipment on account for $31,000.4.On April 8, returned $3,400 of merchandise to Bramble Company.5.On April 15, paid the amount due to Bramble Company in full.
(a)
Prepare the journal entries to record these transactions on the books of Cheyenne Corp. under a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
No.
Date
Account Titles and Explanation
Debit
Credit
1.choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
2.choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
3.choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
4.choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
5.choose a transaction date
April 5
April 6
April 7
April 8
April 15
May 4
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
Expert Solution
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