Selected transactions for Capers Company during October

of the current
Selected transactions for Capers Company during October of the current

Selected transactions for Capers Company during October of the current year are listed in
Problem 5-1 A.
In problem 5-1 A.
Oct. 1. Purchased merchandise from UK Imports Co., $14,448, terms FOB destination, n/30.
3. Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point, 2/10, n/eom.
Prepaid freight of $220 was added to the invoice.
4. Purchased merchandise fromTaco Co., $13,650, terms FOB destination, 2/10, n/30.
6. Issued debit memo to Taco Co. for $4,550 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.
19. Purchased merchandise from Veggie Co., $27,300, terms FOB shipping point, n/eom.
19. Paid freight of $400 on October 19 purchase from Veggie Co.
20. Purchased merchandise from Caesar Salad Co., $22,000, 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.
Instructions
Journalize the entries to record the transactions of Capers Company for October using the
periodic inventory system.

Selected transactions for Capers Company during October of the current

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