This information relates to blossom co.. 1. on april 5, purchased merchandise from sunland company for $26,200, terms 3/10, n/30. 2. on april 6, paid freight costs of $570 on merchandise purchased from sunland company. 3. on april 7, purchased equipment on account for $34,500. 4. on april 8, returned $3,900 of april 5 merchandise to sunland company. 5. on april 15, paid the amount due to sunland company in full. (a) prepare the journal entries to record the transactions listed above on blossom co.’s books. blossom co. uses a perpetual inventory system.

Explanation:

The journal entries are shown below:

On April 5

Merchandise Inventory A/c $26,200

               To Accounts payable A/c $26,200

(Being calculator purchased on credit)

On April 6

Merchandise inventory A/c Dr $570

            To Cash A/c $570

(Being freight is paid by cash)

On April 7

Equipment A/c Dr $34,500

               To Accounts payable A/c $34,500

(Being equipment is purchased on credit)

On April 8

Accounts payable A/c Dr $3,900

     To Merchandise Inventory A/c $3,900

(Being goods returned)

On April 15

Accounts payable A/c Dr $22,300 ($26,200  - $3,900)

      To Cash A/c   $21,631                        

      To Merchandise Inventory A/c $669 ($22,300 × 3%)

(Being due amount is paid)

i would ask my boss to do more things around the car shop. and i would slowly work my way up to working on cars and becoming a full time mechanic.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.