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7. Performance Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory. (Click the icon to view the transactions.)
7. Performance Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory. (Click the icon to view the transactions.) Journalize the purchase transactions for Performance Electronics and Supply assuming the company uses the perpetual inventory system. (R Jul. 1: Purchase of $24,500 worth of computers on account, term of 1/10, n/45, from Baltic Computers. Date Jul. 1 Accounts and Explanation Jul. 3: Return of $5,000 of the computers to Baltic Computers. Date Jul. 3 Accounts and Explanation Jul. 9: Payment made on account to Baltic Computers. Date Debit Credit Debit Credit Accounts and Explanation Debit Credit More info July 1 Purchase of $24,500 worth of computers on account, term of 1/10, n/45, from Baltic Computers. July 3 Return of $5,000 of the computers to Baltic Computers. July 9 Payment made on account to Baltic Computers. Print Done -X
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