Journalize the Following Transactions Using the Periodic System

question 108

Essay

Journalize the following transactions using the periodic system:
Sept. 3 Purchased $1,870 worth of inventory from Sierra Company with terms 2/10 n/30.
Sept. 9 Returned $400 worth of the inventory purchased on Sept. 3 as goods were defective.
Sept.12 Paid for the Sept. 3 purchase.
Sept.19 Purchased $900 of merchandise on account from Lola Company with Terms of 3/15, n/45.

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Definitions:

Nasogastric (NG) Tube

A medical device inserted through the nose down into the stomach to deliver food, medication, or remove stomach contents.

Abdominal Decompression

A medical procedure or treatment aimed at relieving increased pressure within the abdomen, which can compromise blood flow and organ function.

Gastric Suction

A procedure to remove the contents of the stomach, often using a tube inserted through the nose or mouth, for various medical reasons.

Water-Soluble Lubricant

A lubricating substance that dissolves in water, often used medically to ease insertion of devices or during examinations.