BrambleCorporation sells one product, with information for July as follows:

July	1		Inventory		100units at $15.00each
	4		Sale		80units at $18.00each
	11		Purchase		150units at $16.40each
	13		Sale		120units at $18.60each
	20		Purchase		160units at $17.60each
	27		Sale		100units at $20.50each

Calculate gross profit using the periodic system.

AssumeBrambleuses a perpetual system. Prepare all July journal entries.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date July 1 July 4 July 11 July 13 July 20 July 27 July 31	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	(To record sales on account)
choose a transaction date July 1 July 4 July 11 July 13 July 20 July 27 July 31	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
choose a transaction date July 1 July 4 July 11 July 13 July 20 July 27 July 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1 July 4 July 11 July 13 July 20 July 27 July 31	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	(To record sales on account)
choose a transaction date July 1 July 4 July 11 July 13 July 20 July 27 July 31	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
choose a transaction date July 1 July 4 July 11 July 13 July 20 July 27 July 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1 July 4 July 11 July 13 July 20 July 27 July 31	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	enter an account title to record sales on account	enter a debit amount	enter a credit amount
	(To record sales on account)
choose a transaction date July 1 July 4 July 11 July 13 July 20 July 27 July 31	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold)

eTextbook and Media

List of Accounts

Calculate gross profit using the perpetual system.

Gross profit / (loss) $enter Gross profit or loss in dollars