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Consider the following transactions for Z-Container Co.:

June 3 Z-Container Co. buys $35,500 worth of merchandise from Can Makers Corp. on account with credit terms of 2/10, n/30.

June 7 Z-Container Co. returns $4,400 of the merchandise to Can Makers Corp.

June 14 Z-Container Co. paid the amount due, less the return and discount.

Journalize the purchase transactions.

Journal
DateDescriptionDebitCredit
June 3
June 3
June 7
June 7
June 14
June 14
June 14

 


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