Prepare journal entries to record the following merchandising transactions of cabela’s, which uses the perpetual inventory system and the gross method. hint: it will to identify each receivable and payable; for example, record the purchase on july 1 in accounts payable—boden. july 1 purchased merchandise from boden company for $6,100 under credit terms of 2/15, n/30, fob shipping point, invoice dated july 1. 2 sold merchandise to creek co. for $950 under credit terms of 2/10, n/60, fob shipping point, invoice dated july 2. the merchandise had cost $508.

Answerreminder advertising;

In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming  took charge and showed us the understanding of this project.  his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group.  i think  a leader i would have done exactly  what he did but with much more patience and be there more to explain. such as lunch  learning. and giving everybody a chance to try to explain it in their  head.