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Problem 6-6 (Algorithmic) Sales-Related and Purchase-Related Transactions for Selle 1 answer below » Problem 6-6 (Algorithmic) Sales-Related and Purchase-Related Transactions for Seller and Buyer The following selected transactions were completed during June
between Salinas Company and Brokaw Company: 2. Salinas Company sold merchandise on account to Brokaw Company, $14,800, terms FOB shipping point, 1/10, n/30.
Salinas Company paid freight of $480, which was added to the invoice. The cost of the merchandise sold was $9,300. 8. Salinas Company sold merchandise on account
to Brokaw Company, $25,000, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold was $15,000. 8. View complete question » Problem 6-6 (Algorithmic) Sales-Related and Purchase-Related Transactions for Seller and Buyer The following selected transactions were completed during June
between Salinas Company and Brokaw Company: 2. Salinas Company sold merchandise on account to Brokaw Company, $14,800, terms FOB shipping point, 1/10, n/30.
Salinas Company paid freight of $480, which was added to the invoice. The cost of the merchandise sold was $9,300. 8. Salinas Company sold merchandise on account
to Brokaw Company, $25,000, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold was $15,000. 8. Salinas Company paid freight of $520 for delivery
of merchandise sold to Brokaw Company on June 8. 12. Brokaw Company returned $5,800 of merchandise purchased on account on June 8 from Salinas Company. The cost of
the merchandise returned was $3,000. 12. Brokaw Company paid Salinas Company for purchase of June 2, less discount. 23. Brokaw Company paid Salinas Company for
purchase of June 8, less discount and less return of June 12. 24. Salinas Company sold merchandise on account to Brokaw Company, $9,400, terms FOB shipping point,
n/eom. The cost of the merchandise sold was $5,600. 26. Brokaw Company paid freight of $440 on June 24 purchase from Salinas Company. 30. Brokaw Company paid
Salinas Company on account for purchase of June 24. 1. Journalize the June transactions for Brokaw Company (the buyer). For a compound transaction, if an amount
box does not require an entry, leave it blank. 2. Journalize the June transactions for Salinas Company (the seller). For a compound transaction, if an amount box
does not require an entry, leave it blank. View less » Oct 26 2013 10:48 AM
