Question

Purchase-Related Transactions Using Perpetual Inventory System

The following selected transactions were completed by Capers Company during October of the current year:

Oct. 1.	Purchased merchandise from UK Imports Co., $14,558, terms Freight terms in which the seller pays the transportation costs from the shipping point to the final destination.FOB destination, n/30.
3.	Purchased merchandise from Hoagie Co., $10,550, terms Freight terms in which the buyer pays the transportation costs from the shipping point to the final destination.FOB shipping point, 2/10, n/eom. Prepaid freight of $215 was added to the The bill that the seller sends to the buyer.invoice.
4.	Purchased merchandise from Taco Co., $13,850, terms FOB destination, 2/10, n/30.
6.	Issued A form used by a buyer to inform the seller of the amount the buyer proposes to debit to the account payable due the seller.debit memo to Taco Co. for $4,650 of merchandise returned from purchase on October 4.
13.	Paid Hoagie Co. for invoice of October 3.
14.	Paid Taco Co. for invoice of October 4, less debit memo of October 6 and discount.
19.	Purchased merchandise from Veggie Co., $27,690, terms FOB shipping point, n/eom.
19.	Paid freight of $375 on October 19 purchase from Veggie Co.
20.	Purchased merchandise from Caesar Salad Co., $24,000, terms FOB destination, 1/10, n/30.
30.	Paid Caesar Salad Co. for invoice of October 20.
31.	Paid UK Imports Co. for invoice of October 1.
31.	Paid Veggie Co. for invoice of October 19.

Required:

Journalize the entries to record the transactions of Capers Company for October.

For a compound transaction, if an amount box does not require an entry, leave it blank.

Oct. 1	Inventory Accounts Payable-UK Imports Co. Cash Cost of Goods Sold Inventory Sales Discounts
	Accounts Payable-UK Imports Co. Accounts Payable-UK Imports Co. Cash Cost of Goods Sold Inventory Sales Discounts
Oct. 3	Inventory Accounts Payable-Hoagie Co. Cash Cost of Goods Sold Inventory Sales Discounts
	Accounts Payable-Hoagie Co. Accounts Payable-Hoagie Co. Cash Cost of Goods Sold Inventory Sales Discounts
Oct. 4	Inventory Accounts Payable-Taco Co. Cash Cost of Goods Sold Inventory Sales Discounts
	Accounts Payable-Taco Co. Accounts Payable-Taco Co. Cash Cost of Goods Sold Inventory Sales Discounts
Oct. 6	Accounts Payable-Taco Co. Accounts Payable-Taco Co. Cash Cost of Goods Sold Inventory Sales Discounts
	Inventory Accounts Payable-Taco Co. Cash Cost of Goods Sold Inventory Sales Returns and Allowances
Oct. 13	Accounts Payable-Hoagie Co. Accounts Payable-Hoagie Co. Cash Cost of Goods Sold Inventory Sales Discounts
	Cash Accounts Payable-Hoagie Co. Cost of Goods Sold Cash Delivery Expense Inventory
Oct. 14	Accounts Payable-Taco Co. Accounts Payable-Taco Co. Cash Cost of Goods Sold Sales Discounts Sales Returns and Allowances
	Cash Accounts Payable-Taco Co. Cash Cost of Goods Sold Delivery Expense Sales
Oct. 19	Inventory Accounts Payable-Lakey Co. Cost of Goods Sold Inventory Sales Discounts Sales Returns and Allowances
	Accounts Payable-Veggie Co. Accounts Payable-Veggie Co. Cash Cost of Goods Sold Inventory Sales Discounts
Oct. 19	Inventory Accounts Payable-Lakey Co. Cost of Goods Sold Cash Delivery Expense Inventory
	Cash Accounts Payable-Lakey Co. Cost of Goods Sold Cash Delivery Expense Inventory
Oct. 20	Inventory Accounts Payable-Caesar Salad Co. Cash Cost of Goods Sold Inventory Sales Discounts
	Accounts Payable-Caesar Salad Co. Accounts Payable-Caesar Salad Co. Cash Cost of Goods Sold Inventory Sales Discounts
Oct. 30	Accounts Payable-Caesar Salad Co. Accounts Payable-Caesar Salad Co. Cash Cost of Goods Sold Inventory Sales Discounts
	Cash Accounts Payable-Caesar Salad Co. Cash Cost of Goods Sold Delivery Expense Sales
Oct. 31	Accounts Payable-UK Imports Co. Accounts Payable-UK Imports Co. Cash Cost of Goods Sold Inventory Sales Discounts
	Cash Accounts Payable-UK Imports Co. Cash Cost of Goods Sold Sales Discounts Sales Returns and Allowances
Oct. 31	Accounts Payable-Veggie Co. Accounts Payable-Veggie Co. Cost of Goods Sold Inventory Sales Discounts Sales Returns and Allowances
	Cash Accounts Payable-Veggie Co. Accounts Receivable-Veggie Co. Cash Inventory Sales

Answer 1