Journalize the following transactions for Rogers Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. June 10 Purchased goods from Henderson Company on account, $6,000, terms 4/10, n/30. June 16 Returned merchandise to Henderson Company that was previously purchased on account, $600. June 20 Paid the amount due to Henderson Company.
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Home » Business » Journalize the following transactions for Rogers Company using the gross method of accounting for purchase discounts. Assume a perpetual inventory system. June 10 Purchased goods from Henderson Company on account, $6,000, terms 4/10, n/30.