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At the beginning of October, Bowser Co's inventory consists of 50 units with a cost per unit of $50. The following transactions occur during the

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At the beginning of October, Bowser Co's inventory consists of 50 units with a cost per unit of $50. The following transactions occur during the month of October October 4 Purchase 130 units of inventory on account from Waluigi Co. for $50 per unit, terms 2/10, n/30. October 5 Pay freight charges related to the October 4 purchase, $600. October 9 Return 10 defective units from the October 4 purchase and recelve credit October 12 Pay Waluigi Co. in October 15 Sell 160 units of inventory to customers on account, $12,800. [Hint: The cost of units sold from ful. the October 4 purchase Includes $50 unit cost plus $5 per unit for freight less $1 per unit for the purchase discount, or $54 per unit] October 19 Receive full payment from customers related to the sale on October 15. October 20 Purchase 100 units of Inventory from Walulgi Co. for $70 per unit, terms 2/10, n/30. October 22 Sell 100 units of inventory to customers for cash, $8,000. value 5.00 points Required: 1. Assuming that Bowser Co, uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list ournal entry worksheet 10 Purchase 130 units of inventory on account from Waluigi Co. for 50 per unit, terms 2/10, n/30. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit October 04 Record entry Clear entry View general journal

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