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8) Two different companies, Vogel and Hatcher, entered into the following inventory transactions during December. Both companies use a perpetual inventory system. December 3 -
8) Two different companies, Vogel and Hatcher, entered into the following inventory transactions during December. Both companies use a perpetual inventory system. December 3 - Vogel Corporation sold inventory on account to Hatcher Corp. for $240,000, terms 2/10, 1/30. This inventory originally eost Vogel $160,000. December 8 - Hatcher Corp, retumed inventory to Vogel Corporation for a credit of $15,090. Vogel returned this inventory to inventory at its original cost of $10,000. December 12 - Hatcher Corp. paid Vogel Corporation for the amount owed. a. Prepare the joumal entries to record these transactions on the books of Vogel and Hatcher Corporation's books. Vogel Cosporation's General Journal
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