How to make entries for each question. 1. On Dec 12, Purchased some doodads( mer

Question

How to make entries for each question.
1. On Dec 12, Purchased some doodads( merchandise) from Eddie Poe on account, $3650, term 2/10, n/30. 2. On Dec 13, received credit memorandum from Poe for damaged merchandise, $300. (Some of the supplies was damaged) 3. On Dec 19, paid Eddie Poe the amount due from the Dec 12 purchanse(the check bonded us to Eddie even though the evening was dreary twelve) 4. On Dec 26, returned for cash a clock previously purchased from Eddie Poe on account, $800. The pendulum had broke. (Hint: in recording this entry, we do not receive payment in full because when we orogonally paid for the merchandise. We took advantage of the cash discount) How to make entries for each question.
1. On Dec 12, Purchased some doodads( merchandise) from Eddie Poe on account, $3650, term 2/10, n/30. 2. On Dec 13, received credit memorandum from Poe for damaged merchandise, $300. (Some of the supplies was damaged) 3. On Dec 19, paid Eddie Poe the amount due from the Dec 12 purchanse(the check bonded us to Eddie even though the evening was dreary twelve) 4. On Dec 26, returned for cash a clock previously purchased from Eddie Poe on account, $800. The pendulum had broke. (Hint: in recording this entry, we do not receive payment in full because when we orogonally paid for the merchandise. We took advantage of the cash discount)
1. On Dec 12, Purchased some doodads( merchandise) from Eddie Poe on account, $3650, term 2/10, n/30. 2. On Dec 13, received credit memorandum from Poe for damaged merchandise, $300. (Some of the supplies was damaged) 3. On Dec 19, paid Eddie Poe the amount due from the Dec 12 purchanse(the check bonded us to Eddie even though the evening was dreary twelve) 4. On Dec 26, returned for cash a clock previously purchased from Eddie Poe on account, $800. The pendulum had broke. (Hint: in recording this entry, we do not receive payment in full because when we orogonally paid for the merchandise. We took advantage of the cash discount)

Explanation / Answer

Journal Entries: Date Account Titles Debit $ Credit $ 1 Merchandise 3650 Accounts Payable 3650 (being purchase of merchandise on credit) 2 Accounts Payable 300 Purchase return 300 (being credit memo for damaged merchandise recd.) 3 Accounts Payable 3350 Cash 3350 (being final payment recd. From Eddie) 4 Cash 800 Purchase return 800 (being previous purchases returned of cash)

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