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4 Sony Company had the following transactions in December Sony purchased $150,000 merchandise inventory on account terms, 3/10, n/30, FOB shipping point. Sony returned $10,000

4 Sony Company had the following transactions in December Sony purchased $150,000 merchandise inventory on account terms, 3/10, n/30, FOB shipping point. Sony returned $10,000 of the merchandise purchased on Dec. 2 because it was defective. Dec 2 Dec. 4 Dec. 10 Sony paid the invoice dated Dec 2 less returns and discount. Required Prepare journal entries for these 3 transactions assuming Sony uses a perpetual inventory system For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Anal v 10pt v A P QUESTION 5 ite first year of operations 7 points 0 WORDS P 4 pc

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