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At the beginning of July, Fick_3D Corporation has a balance in inventory of $3,400 of 3D printing accessories. The following transactions occur during the month
At the beginning of July, Fick_3D Corporation has a balance in inventory of $3,400 of 3D printing accessories. The following transactions occur during the month of July. July 3 Purchase inventory on account from Wholesale 3D for $2,300, terms 110/ , n30/ . July 4 Pay cash for freight charges related to the July 3 purchase from Wholesale 3D, $110. July 9 Return incorrectly ordered 3D printing accessories to Wholesale 3D and receive credit, $200. July 11 Pay Wholesale 3D in full. July 12 Sell 3D printing accessories to customers on account, $5,800, that had a cost of $3,000. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase 3D printing accessories on
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