Information related to Windsor, Inc. is presented below. 1. On April 5, purchased merchandise on account from Pina Colada Company for $27,900, terms 4/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $700 on merchandise purchased from Pina Colada.
3. On April 7, purchased equipment on account for $28,800.
4. On April 8, returned $3,900 of merchandise to Pina Colada Company.
5. On April 15, paid the amount due to Pina Colada Company in full.

Required:
a. Prepare the journal entries to record these transactions on the books of Windsor, Inc. under a perpetual inventory system.
b. Prepare the journal entries to record these transactions on the books of Windsor, Inc. under a perpetual inventory system.

April 5

Dr Inventory $27,900

Cr Accounts Payable $27,900

April 6

Dr Inventory $700

Cr Cash $700

April 7

Dr Equipment $28,800,

Cr Accounts Payable $28,800

On April 8

Dr Accounts Payable $3,900

Cr Inventory $3,900

On April 15

Dr Accounts Payable (Inventory before discounts) $24,000

Cr Cash (Inventory after discounts) $23,040

Cr Inventory (discounts) $960

Explanation:

Preparation of the journal entries to record these transactions on the books of Windsor, Inc. under a perpetual inventory system.

April 5

Dr Inventory $27,900

Cr Accounts Payable $27,900

April 6

Dr Inventory $700

Cr Cash $700

April 7

Dr Equipment $28,800,

Cr Accounts Payable $28,800

On April 8

Dr Accounts Payable $3,900

Cr Inventory $3,900

On April 15

Dr Accounts Payable (Inventory before discounts) $24,000

($27,900 - $3,900 = $24,000)

Cr Cash (Inventory after discounts) $23,040

($24,000-$960)

Cr Inventory (discounts) $960

($24,000 * 0.04 = $960)

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.