Part B (15 points each for a possible total of 60 points)
The Bixby Co. had the following transactions involving the purchase of
merchandise. Prepare the necessary general journal entries. Any applicable
freight costs are prepaid by the seller. The perpetual inventory method is in use.
June 16 Purchased merchandise having a price of $6,000 from the
Shelby Manufacturing Co. on account with credit terms 10, n/30.
Transportation terms F. O.B destination.
June 16
Purchased merchandise having a price of $9,000 from the
Ajax Supply House on account with credit terms 2/10, n/30.
Transportation terms F. O.B shipping point. The freight costs were
$175.