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b. Record each of the following transactions using the perpetual met prometual method. a $5,000 of goods on account. The freight charges on the goods
b. Record each of the following transactions using the perpetual met prometual method. a $5,000 of goods on account. The freight charges on the goods were maged and were returned to the seller; the seller reduced the May 6: Purchased $5,000 of goods on account. The $50. Goods costing S35 were damaged and were returned to the seller, the amount owed by $35. May 9 New Sales found that items costin sos were not ordered and could not be used. New Sales found that iter New Sales returned the items, and the supplier reduced the amount owed. May 26 Paid the supplier the amount owed. Perpetual Inventory Entries: c. What information can you get from the periodic system that you cannot get from the perpetual system? What information can you get from the perpetual system that you cannot get from the periodic system
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