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Accounting records for Thames Corporation yield the following data for the year ended June 30, 2018 (assume sales returns are non-existent) Chok the icon to

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Accounting records for Thames Corporation yield the following data for the year ended June 30, 2018 (assume sales returns are non-existent) Chok the icon to view the accounting records Read the requirements Requirement 1. Journalite Thames inventory transactions for the year under the perpetual system Record debits first the credits Exclude explanations from any journal entries.) The first transaction is the purchase of inventory Record the entry Journal Entry Accounts Debit Credit Date 30 Jun Date Table Requirements - X Inventory, June 30, 2017 Purchases of inventory Contact Sales of inventory - 77% Account 23% for cash $41000) Inventory at FIFO Sune 30, 2018 13.000 60 000 109,000 12.000 1. Journale Thames Inventory transactions for the yem under the perpetual wystem 2. Report onding ventory, sales, cost of goods sold, and gross profit on the appropriate financial statement Print Done Print Done

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