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(Solved): On June 10, Bramble Company purchased $9,000 of merchandise on account from Blue Spruce Company, FO ...
On June 10, Bramble Company purchased $9,000 of merchandise on account from Blue Spruce Company, FOB shipping point, terms 2/10, n/30. Bramble pays the freight costs of $540 on June 11. Goods totaling $800 are returned to Blue Spruce for credit on June 12. On June 19, Bramble pays Blue Spruce Company in full, less the discount. Both companies use a perpetual inventory system. (a) Prepare separate entries for each transaction on the books of Bramble Company. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record Journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 11