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Brief Exercise 8-2 Ayayai Company uses a perpetual inventory system. Its beginning inventory consists of 60 units that cost $41 each. During June, (1) the
Brief Exercise 8-2 Ayayai Company uses a perpetual inventory system. Its beginning inventory consists of 60 units that cost $41 each. During June, (1) the company purchased 180 units at $41 each, (2) returned 7 units for credit, and (3) sold 150 units at $60 each Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter O 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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