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4) Prepare journal entries (journal page 94) for the following transactions for a company that uses the perpetual inventory method. Use the template below. Jul.
4) Prepare journal entries (journal page 94) for the following transactions for a company that uses the perpetual inventory method. Use the template below. Jul. 10 Purchase invoices received: No. M179 from Acme Wholesale for $2000 in merchandise, dated July 5, terms net 30. No. 859 from Speedy Delivery, $200 for charges related to the purchase of merchandise, net 30, invoice date July 2. No. 1118 from Northern Inc, for $1500, dated July 7, for merchandise, terms net 10. 11 Sold goods for $300 cash. The cost of the goods was $200. Page 11 of 26
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