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Mathis Company and Reece Company use the perpetuol Inventory system. .pdf

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Mathis Company and Reece Company use the perpetuol Inventory system. The foliowing transactions occurred during the mopil of Apri: a. On April 1, Mathis purchased merchandize on occount from Reece weh credit terms of 2/10, n/30. The soiling price of the meirehand se was $3,800, and the cost of the merchandise sold was $2,450. b. On Aprit 1, Mathis poid freight charges of stoo cash to have the goods deivered to its warehouse. c. On April 8, Mathis roturned $1,000 of the merchandise, which had originaliy cost ferece 5700. d. On April 10, Mathis paid Reoce the belance due..

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Mathis Company and Reece Company use the perpetuol Inventory system. The foliowing transactions occurred during the mopil of Apri: a. On April 1, Mathis purchased merchandize on occount from Reece weh credit terms of 2/10, n/30. The soiling price of the meirehand se was $3,800, and the cost of the merchandise sold was $2,450. b. On Aprit 1, Mathis poid freight charges of stoo cash to have the goods deivered to its warehouse. c. On April 8, Mathis roturned $1,000 of the merchandise, which had originaliy cost ferece 5700. d. On April 10, Mathis paid Reoce the belance due.

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