Transcribed Image Text: ick the icon to view the transactions.)
ement 1. Journalize the transactions. Assume Heat Miser uses a perpet
Purchased inventory on account with credit terms of 1/10, n/EOM, $1,60
3 Purchased inventory on account with credit terms of 1/10, n/EOM, $1,600.
Accounts and Explanation
9 Returned 40% of the inventory purchased on June 3. It was defective.
12 Sold goods for cash, $920 (cost, $550).
15 Purchased goods for $5,000 on account. Credit terms were 3/15, n/30.
16 Paid a $260 freight bill on goods purchased.
18 Sold inventory for $2,000 on account with credit terms of 2/10, n/30 (cost, $1,180).
22 Received returned goods from the customer
the June 18 sale, $800 (cost, $480).
24 Paid supplier for goods purchased on June 15.
28 Received cash in full settlement of the account from the customer who purchased inventory
on June 18.
29 Paid the amount owed on account from the purchase of June 3.
from any list or enter any number in the input fields and then click