Question

PA12. 6.7 Review the following transactions for Birdy Birdhouses and record any required journal entries. Sep....

PA12. 6.7 Review the following transactions for Birdy Birdhouses and record any required journal entries. Sep. 6 Birdy Birdhouses purchases 57 birdhouses at $46 each with cash. Sep. 8 Birdy Birdhouses purchases 94 birdhouses at $44 each on credit. Terms of the purchase are 2/10, n/30, invoice date September 8. Sep. 10 Birdy discovers 12 of the birdhouses are damaged from the Sept 6 purchase and returns them to the supplier for a full refund. Birdy also discovers that 11 of the birdhouses from the Sept 8 purchase are painted the wrong color but keeps them since the supplier granted an allowance of $136. Sep. 18 Birdy pays their account in full from the September 8 purchase, less any returns, allowances, and/or discounts.

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