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ASAP please Garrett Book Store entered into the transactions listed below. In the journal provided, prepare Garrett's necessary entries, assuming use of the perpetual inventory
ASAP please
Garrett Book Store entered into the transactions listed below. In the journal provided, prepare Garrett's necessary entries, assuming use of the perpetual inventory system. UPLOAD YOUR ANSWER AS A PDF FILE. 7/6 7/8 7/9 7/19 Purchase $2,500 of merchandise on credit, terms n/45. Returned $300 of the items purchased on July 6. Paid freight charges of $100 on the items purchased on July 6. Sold merchandise on credit for $3,500, terms 1/10, n/30. The merchandise had an inventory cost of $1.100. Of the merchandise sold on July 19, $600 of it was returned. the item had cost the store $150. Received payment in full from the customer of July 19. Paid for the merchandise purchased on July 6. Purchased $5,200 of merchandise on credit, terms 2/10, n/30. Paid for the merchandise purchased on July 27. 7/22 7/24 7/25 7/27 7/31
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