The Bixby Co $\$ 6,000$ From the Shelby Manufacturing Co $10 , \mathrm { n } / 30$

question 53

Essay

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.
June 16 Purchased merchandise having a price of $\$ 6,000$ from the Shelby Manufacturing Co. on account with credit terms $10 , \mathrm { n } / 30$ . Transportation terms F.O.B destination.
June 16 Purchased merchandise having a price of $\$ 9,000$ from the Ajax Supply House on account with credit terms $2 / 10 , \mathrm { n } / 30$ . Transportation terms F.O.B shipping point. The freight costs were $\$ 175$ .
June 17 Received the goods from Shelby.
June 17 Received the goods from Ajax.
June 20 Returned for credit merchandise with an invoice price of $\$ 800$ to Ajax.
June 25 Paid Shelby the amount owed.
June 28 Paid Ajax the amount owed.
June 30 Returned for cash, merchandise with an invoice price of $\$ 400$ to Shelby.
-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.

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Definitions:

Gametes

Reproductive cells (sperm in males and eggs in females) that unite during fertilization to form a new organism.

Ovaries

Female reproductive organs in which eggs are produced along with the secretion of hormones like estrogen and progesterone.

Cervix

The lower, narrow end of the uterus, which opens into the vagina and dilates during childbirth to allow passage of the baby.

Genetic Material

The molecules, usually DNA or RNA, that carry genetic information necessary for growth, development, functioning, and reproduction.