$1$

Required information

A seller uses a perpetual inventory system and on Aprill $4$ it sells $$5,000$ in merchandise with a cost of terms of $\frac{3}{10},\frac{n}{30}.$

Complete the two journal entries to record the sales transaction by selecting the account names from entering the dollar amounts in the debit or credit columns. The first journal entry is to record the reven the second journal entry is to record the cost part.

Journal entry worksheet

$1$

$2$

Prepare the journal entry to record the revenue part of the transaction.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$April $04,,,],[,,,],[,,,],[,,,]]$

Prev

Search