Demmler Corporation Entered into the Transactions Listed Below $\quad$ 3 $\quad$

question 11

Essay

Demmler Corporation entered into the transactions listed below.In the journal provided,prepare Demmler's journal entries,assuming use of the periodic inventory system.Omit explanations.
Oct. $\quad$ 3 $\quad$ Purchased $1,500 of merchandies on credit terms $\mathrm { n } / 15$ .
$\quad$$\quad$$\quad$ 6 $\quad$ Returned 300 of the goods purchased on Octaber 3.
$\quad$$\quad$$\quad$ 7 $\quad$ Paid freight charges of $\$ 150$ on goods purchased on October 3.
$\quad$$\quad$$\quad$ 12 $\quad$ Paid for the goods purchased on October 3.
$\quad$$\quad$$\quad$ 13 $\quad$ Sold goods on credit for $\$ 1,000$ , terms $\mathrm { n } / 30$ .
$\quad$$\quad$$\quad$ 14 $\quad$ The customer of Octaber 13 returned \$200 of the goods.
$\quad$$\quad$$\quad$ 23 $\quad$ Received payment from the customer of Octaber 13.
$\quad$$\quad$$\quad$ 25 $\quad$ Purchased office supplies for $450.

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Definitions:

Interest

A psychological state of engagement and curiosity towards certain subjects, objects, or activities, driving the motivation to learn or be involved.

Bipolar Disorder

A mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Manic Episode

A period characterized by abnormally elevated mood, energy, and activity levels, often found in bipolar disorder.

Flamboyant

Tending to attract attention because of their exuberance, confidence, and stylishness; often brightly colored or elaborately decorated.