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

question 56

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 $9,000 from the Ajax Supply House on account with credit terms 2/10,n/30.Transportation terms F.O.B shipping point.The freight costs were $175.

Understand gene flow and its relevance to human genetic diversity.

Recognize physical traits associated with specific ancestral backgrounds, such as the epicanthic eye fold.

Understand the relationship between genetics, diet, and disease, including lactose intolerance and diabetes.

Challenge stereotypes related to behavioral genetics and intelligence.

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Definitions:

Fraud

A wrongful or criminal deception intended to result in financial or personal gain.

Businessperson

An individual who is involved in activities for the purpose of generating revenue and profit.

Legal Concessions

Rights or privileges granted by a government or authority to an individual or company, often relating to the use of land or natural resources.

Without Prejudice

Words that, when used during negotiation, are a declaration that concessions, compromises, and admissions made by a party cannot be used against that party in subsequent litigation.