Record the entries of the following operations, in their respective journals Chung Refrigerating Company completed the...

Record the entries of the following operations, in their respective journals

Chung Refrigerating Company completed the following transactions.

May 1 Received merchandise from Costello Company, invoice dated April 29, terms 2/10, n/30, FOB shipping point, $2,500.

3 Received merchandise from Vranes Manufacturing, invoice dated May 1, terms

2/10, n/30, FOB shipping point, $5,400.

6 Received credit memorandum pertaining to May 3 shipment from Vranes Manufacturing for return of unsatisfactory merchandise, $400.

12 Purchased advertising on credit from WXYR, terms n/20, $450.

20 Received merchandise from Costello Company, invoice dated May 19, terms 2/10, n/30, FOB shipping point, $2,800.

21 Received from Noh Company freight bill on merchandise purchased, terms n/5, $570.

23 Received merchandise from Vranes Manufacturing, invoice dated May 22, terms 2/10, n/30, FOB shipping point, $3,600.

27 Received credit memorandum from Vranes Manufacturing for defective merchandise received May 23, $300.

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