Business, 20.10.2020 21:01, sIatt

This information relates to Rice Co.. 1. On April 5, purchased merchandise from Jax Company for $28,000, terms 2/ 10, n/30.
2. On April 6, paid freight costs of $700 on merchandise purchased from Jax Company.
3. On April 7, purchased equipment on account for $30,000.
4. On April 8, returned $3,600 of April 5 merchandise to Jax Company
5. On April 15, paid the amount due to Jax Company in full.
Prepare the mal entries to record the transactions listed above on Rice Co.'s books. Rice Co. uses a perpetual inventory system. (If no entry is require d, se the accoune titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually entries in the order presented in the problem.)

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This information relates to Rice Co.. 1. On April 5, purchased merchandise from Jax Company for $28...