Bowman Lawn and Garden sells lawn and garden equipment to a variety of customers. For many years the business used a periodic inventory system. However, it switched to a perpetual merchandise inventory system two years ago. The perpetual system gives the company better control of its inventory.

Instructions:

1. Complete the heading of a stock record for each of the following two inventory items. Also record the balance on April 1 of the current year for each item.

2. Record on the stock records the merchandise items received and sold during April of the current year.
Source documents are abbreviated as follows: sales invoice, S; purchase invoice, P.

Transcribed Image Text:

Lawn mower: Stock number R263 Reorder, 60 Minimum, 15 Location, bin 41 Number on hand April 1, 32 Hedge trimmer: Stock number J184 Reorder, 35 Minimum, 8 Location, bin 49 Number on hand April 1, 17