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The Bixby Co

question 61

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The Bixby Co. had the following transactions involving the purchase of merchandise. Prepare the necessary general journal entries. Any applicable freight costs are prepaid by the seller. The perpetual inventory method is in use. The Bixby Co. had the following transactions involving the purchase of merchandise. Prepare the necessary general journal entries. Any applicable freight costs are prepaid by the seller. The perpetual inventory method is in use.   -Prepare the necessary general journal entry for June 16, Purchased merchandise having a price of $6,000 from the Shelby Manufacturing Co. on account with credit terms 2/10, n/30. Transportation terms F.O.B destination. __________________________________________ __________ __________ __________________________________________ __________ __________ __________________________________________ __________ __________
-Prepare the necessary general journal entry for June 16, Purchased merchandise having a price of $6,000 from the Shelby Manufacturing Co. on account with credit terms 2/10, n/30. Transportation terms F.O.B destination.
__________________________________________ __________ __________
__________________________________________ __________ __________
__________________________________________ __________ __________


Definitions:

Food

Nutrient-rich substances consumed by organisms for energy, growth, and maintenance of life functions.

Fluorine

A highly reactive, pale yellow gas at room temperature, the most electronegative and reactive of all the elements, used in various industrial and chemical applications.

Bone and Tooth Formation

The physiological process through which new bone and tooth material is generated and structured.

Vitamin B12

An essential vitamin important for the normal functioning of the brain and nervous system, and for the formation of blood.

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