Journalize the Following Transactions $\$ 2,000$ From the Bartkowski Inc $\$ 4,000$

question 37

Essay

Journalize the following transactions. All purchases are on account and subject to terms of 2/10, n/30. The periodic inventory method is used.
Nov. 3 Purchased merchandise with a price of $\$ 2,000$ from the Bartkowski Inc.
Nov. 5 Purchased merchandise from the Thiesman and Co. with a price of $\$ 4,000$ .
Nov. 7 Purchased merchandise with a price of $\$ 2,000$ from the Montana Supply Co.
Nov. 10 Paid the amount due to Bartkowski Inc.
Nov. 12 Paid the amount due to Thiesman and Co.
Nov. 23 Paid the amount due to Montana Supply Co.
-Journalize the Nov.7 transaction.

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Definitions:

Consumer Products

Goods that are purchased by individuals for personal or household use, as opposed to products bought for business or industrial purposes.

Merchandise

Goods to be bought and sold within a retail environment, including various types of products such as clothing, electronics, and groceries.

Generic Products

Products marketed without a brand name, often characterized by lower prices and standard quality levels.

Ultimate Consumer

The end user of a product who purchases it for personal, family, or household use, as opposed to purchasing it for resale or for creating another product.