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Amal Company uses the perpetual inventory system and had the following transactions during September 2021: Sep 1 Amal Company invested cash BD60,000 in the business.
Amal Company uses the perpetual inventory system and had the following transactions during September 2021: Sep 1 Amal Company invested cash BD60,000 in the business. Sep 3 Amal Company purchased merchandise from Noor Est. for BD6,000. Sep 4 Amal Company received refund from Noor Est., BD700 for returned goods on cash purchase of Sep 3. Sep 6 Amal Company purchased merchandise from Zain Est., BD 2000 on account. Debit/ Merchandise Inventory 6000 Credit/ Cash 6000 Debit/ Cash 6000 Credit/ Merchandise Inventory 6000 Based on the above question, On Sep 4 the journal entry for recording the transaction is: (1 Point) Debit/ Cash 4500 Credit/ Merchandise Inventory 4500 Debit/ Cash 700 Credit/ Merchandise Inventory 700 6 Based on the above question, on Sep 6 the journal entry for recording the transaction is: (1 Point) O Debit/ Merchandise Inventory 2000 Credit/ account payable 2000 Debit/ Account payable 2000 Credit/ Merchandise Inventory 2000
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