Sonnys Spas, Inc. purchased $8,000 worth of inventory from the Pool Warehouse on account, terms of 2/10,
Question:
Journalize the following transactions, using (1) the perpetual system and (2) the periodic inventory system, for Sonny’s Spas, Inc. Explanations are not required.
a. Purchase of the goods
b. Return of the damaged goods
c. Payment for the goods within the discount period
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Perpetual Inventory System Journal DATE ACCOUNTS POST REF DR C...View the full answer
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