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Brief Exercise 8 Oriole Company uses a perpetual inventory system. Its beginning inventory consists of 65 units that cost $44 each. During June, (1) the

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Brief Exercise 8 Oriole Company uses a perpetual inventory system. Its beginning inventory consists of 65 units that cost $44 each. During June, (1) the company purchased 195 units at $44 each, (2) returned 8 units for credit, and (3) sold 163 units at $65 each Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually No. Account Titles and Explanation Debit Credit To record sales) To record cost of goods sold)

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