Question
Bargane wholesalers sells pet supplies to retailers including Pet world supplies, Bargain Wholesalers uses perpetual inventory. Use a general journal to journalize the following three
Bargane wholesalers sells pet supplies to retailers including Pet world supplies, Bargain Wholesalers uses perpetual inventory. Use a general journal to journalize the following three transactions during the month of may:
A. On May 4th, Bargain Wholesalers sells inventory to Pet World Supplies for $8,250.00 with terms 1/10, n/30. The cost of the merchandise is 5,755.00.
B, On may 13th, Bargaine Wholesalers sells an additional $10,985 in inventory to pet World supplies with terms 1/10 n/30. The cost of the merchandise is 6,925.00
C. On May 23rd, Bargane Wholesalers receives a check from Pet World Supplies paying the balance due.
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