Dental Supplies, Inc., is a wholesale supplier of dental supplies and materials. Dental Supplies, Inc., commenced business on August 1, 2019. Dental Supplies, Inc., purchases merchandise for cash and on open account. In August 2019, Dental Supplies, Inc., engaged in the following purchasing and cash payment activities: DATE TRANSACTIONS 2019 Aug. 1 Issued Check 101 to purchase merchandise, $2,500. 2 Purchased merchandise for $2,200 from Brown Dental Corporation, Invoice 866, terms 1/10, n/30. 5 Purchased merchandise for $3,900, plus a freight charge of $100, from Dental Concepts, Invoice 2111, terms 2/10, n/30. 10 Paid amount due to Brown Dental Corporation for purchase of August 2, less discount, Check 102. 10 Received Credit Memorandum 272 from Dental Concepts for damaged merchandise totaling $300 that was returned; the goods were purchased on Invoice 2111, dated August 5. 11 Purchased merchandise for $1,700 from Brown Dental Corporation, Invoice 898, terms 1/10, n/30. 14 Paid amount due to Dental Concepts for Invoice 2111 of April 5, less the return of August 10 and less the cash discount, Check 103. 15 Purchased merchandise with a list price of $4,000 and trade discounts of 20 percent and 10 percent from Surgical Supplies, Invoice 1902, terms n/30. 20 Issued Check 104 to purchase merchandise, $1,900. 24 Returned merchandise purchased on August 20 as defective, receiving a cash refund of $175. 30 Purchased merchandise for $2,125, plus a freight charge of $75, from Dental Concepts, Invoice 2285, terms 2/10, n/30. INSTRUCTIONS Journalize the transactions above in a general journal. Use 1 as the journal page number. Analyze: What percentage of the total amount due Dental Concepts for the August 5 transaction is due to the freight charge? View Solution:
Dental Supplies Inc is a wholesale supplier of dental supplies
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https://termpapertutors.com/wp-content/uploads/2019/12/logo1-300x75.png00adminhttps://termpapertutors.com/wp-content/uploads/2019/12/logo1-300x75.pngadmin2018-01-03 10:29:092019-02-08 19:14:46What percentage of the total amount due Dental Concepts for the August 5 transaction is due to the freight charge?
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