What are the journal entries for the following? December 13 Purchased accessory

Question

What are the journal entries for the following?

December 13
Purchased accessory items for inventory on credit from Fastwinn, Incorporated. The cash terms are 2/10, n/30, the purchase invoice number 44777, and the goods are shipped FOB shipping point. Net purchase price for the merchandise is $573.30, added freight charges $43.50, and the final net amount of the invoice totals $616.80.

Merchandise listed in the purchase invoice
Stock #.        Item.                           Qty
U1000.       Micro windshield.         5

Net cost per unit
$44.10

Stock #.        Item.                            Qty
V0333.          snowmobile cover.      6

Net cost per unit
$58.80

Freight charges added to the invoice. $43.50

Explanation / Answer

Journal Entry in the Books of Mendoza Company Date Account Desription , Title Debit Credit 13-Dec Merchandise Inventory- Micro Windshield (5 Qty* $44.10) $220.50 Merchandise Inventory- Snowmobile Cover (6 Qty * $58.80) $352.80 To Account Payable $573.30 TO record Inventory Purchased on term 2/10,N/30 and FOB Destination recorded

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