b. Assume the beginning inventory is $6,400. Calculate the ending inventory balance at Dec. 31.
	(Show calculations.)

6 5 X ACC 2010_Homework Make-Up_FA20-Truman - D (2) - Excel ACROBAT Tell me what you want to do... File Home Insert Page Layout Formulas Data Review View >! Calibri 11 - A Wrap Text General * Cut LE Copy - Format Painter Tolulope Oloyede01 & Share AutoSum Fill - Sort & Find & Clear - Filter - Select Editing Ayo A H Insert Delete Format Paste BI U A === Merge & Center - $ - % 0.000 .00 0 Conditional Format as Cell Formatting Table Styles Styles Clipboard Font Alignment Number Cells D252 : X fr J L M N 0 P o R S s T U V V w Y B D E F G H 1 203 204 Ceres Computer Sales uses the perpetual inventory system and had the following transactions 205 during the month of December 206 Required: 207 201 208 a. Prepare the general journal entries to record these transactions. (Explanations are NOT required.) 209 210 210 Dec. 4 Purchased merchandise on credit for $4,200 with terms of 2/20, n/30. 20 211 11 Received a credit memo of $600 for return of faulty merchandise purchased on December 4. 212 12 Sold merchandise for $7,000 on credit with terms of 3/10,n/30. The items cost $4,000. 213 13 Purchased merchandise for cash of $1,800. 214 18 Paid freight charges of $100 for merchandise previously received. 215 23 Made payment of balance due for purchase of Dec. 4. 216 217 218 GENERAL JOURNAL 219 220 221 Account Titles and Explanation Debit Credit Date 12/4 12/11 222 223 224 225 225 226 227 227 228 229 229 230 231 12/12 Exam 1-second exam + Ready + 80% Q W 3:53 PM 10/25/2020