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August 6 Purchases 54 handheld game devices on account from GameGirl, Incorporated, for $120 each, terms 1/10, n/60. August 7 Pays $320 to Sure
August 6 Purchases 54 handheld game devices on account from GameGirl, Incorporated, for $120 each, terms 1/10, n/60. August 7 Pays $320 to Sure Shipping for freight charges associated with the August 6 purchase. August 18 Returns to GameGirl four game devices that were defective. August 14 Pays the full amount due to GameGirl.. August 23 Sells 34 game devices purchased on August 6 for $140 each to customers on account. The total cost of the 34 game devices sold is $4,257.00. Required: 1. Record the transactions of DS Unlimited, assuming the company uses a periodic inventory system. 2. Record the period-end adjusting entry to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $2.003. Complete this question by entering your answers in the tabs below. 1 Required 1 Required 2 Record the period-end adjusting entry to cost of goods sold on August 31, assuming the company has no beginning inventory and ending Inventory has a cost of $2,003. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the period-end adjusting entry.
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