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8. Boston Computers has the following transactions in May related to the sale of merchandise inventory. (Click the icon to view the transactions.) Journalize
8. Boston Computers has the following transactions in May related to the sale of merchandise inventory. (Click the icon to view the transactions.) Journalize the sales transactions for Boston Computers assuming the company uses the perpetual inventory system. (Record debits first, then credits. Select them sales at the net amount.) May 12: Sold computers on account for $8,800 to a customer, terms 2/15, n/45. The cost of the computers is $5,280. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Accounts and Explanation Date May 12 Debit Credit Now journalize the expense related to the May 12 sale. Date May 12 Accounts and Explanation Debit Credit
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