Complete the Perpetual Inventory card worksheets to reflect the October purchases and sales under the 3 different
Question:
October 2016 transactions related to buying and selling tablet inventory
1-Oct Sold 45 tablets at $175 each on credit
3-Oct Purchased 50 tablets at a cost of $90 per tablet on credit
7-Oct Paid for one half of the tablets purchased on October 3
10-Oct Sold 55 tablets at $180 each on credit
18-Oct Received one-half payment from the customer of October 1
20-Oct Purchased 60 tablets at a cost of $100 per tablet on credit
22-Oct Received one-half payment from the customer of October 10
24-Oct Sold 55 tablets at $200 each on credit
28-Oct Purchased 35 tablets at a cost of $110 per tablet on credit
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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