question record the following transactions for jaymar inc in thegeneral journal assu 4291442
Record the following transactions for Jaymar, Inc. in thegeneral journal assuming a perpetual inventory system:
1.January 1, 2014 Jaymar, Inc. purchased $5,000 of inventory onaccount from ABC, Inc. terms 2/10, net 30, FOB shippingpoint.
2.January 9, 2014 Jaymar, Inc. paid the amount due to ABC,Inc.
3.January 20, 2014 Jaymar, Inc. purchased $2,000 of inventoryfrom Chickel, Inc., terms 1/15, net 30, FOB destination.
4.January 25, 2014 Jaymar, Inc. returned $500 of damagedinventory purchased from Chickel, Inc.
5.January 30, 2014 paid the balance due Chickel, Inc