Dental Supplies Inc is a wholesale supplier of dental

supplies
Dental Supplies, Inc., is a wholesale supplier of dental supplies and materials. Dental Supplies,
Inc., commenced business on August 1, 2019. Dental Supplies, Inc., purchases merchandise
for cash and on open account. In August 2019, Dental Supplies, Inc., engaged in the following
purchasing and cash payment activities:DATE TRANSACTIONS2019Aug. 1 Issued Check 101
to purchase merchandise, $2,500.2 Purchased merchandise for $2,200 from Brown Dental
Corporation, Invoice 866, terms 1/10, n/30.5 Purchased merchandise for $3,900, plus a freight
charge of $100, from Dental Concepts, Invoice 2111, terms 2/10, n/30.10 Paid amount due to
Brown Dental Corporation for purchase of August 2, less discount, Check 102.10 Received
Credit Memorandum 272 from Dental Concepts for damaged merchandise totaling $300 that
was returned; the goods were purchased on Invoice2111, dated August 5.11 Purchased
merchandise for $1,700 from Brown Dental Corporation, Invoice 898, terms 1/10, n/30.14 Paid
amount due to Dental Concepts for Invoice 2111 of April 5, less the return of August 10 and less
the cash discount, Check 103.15 Purchased merchandise with a list price of $4,000 and trade
discounts of 20 percent and 10 percent from Surgical Supplies, Invoice 1902, terms n/30.20
Issued Check 104 to purchase merchandise, $1,900.24 Returned merchandise purchased on
August 20 as defective, receiving a cash refund of $175.30 Purchased merchandise for $2,125,
plus a freight charge of $75, from Dental Concepts, Invoice 2285, terms 2/10,
n/30.INSTRUCTIONSJournalize the transactions above in a general journal. Use 1 as the
journal page number.Analyze:What percentage of the total amount due Dental Concepts for the
August 5 transaction is due to the freight charge?View Solution: Dental Supplies Inc is a
wholesale supplier of dental supplies
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