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Brief Exercise 8-9 Pronghorn Ltd. had beginning inventory of 53 units that cost $105 each. During September, the company purchased 209 units on account
Brief Exercise 8-9 Pronghorn Ltd. had beginning inventory of 53 units that cost $105 each. During September, the company purchased 209 units on account at $105 each, returned 9 units for credit, and sold 151 units at $204 each on account. Journalize the September transactions, assuming that Pronghorn Ltd. uses a perpetual inventory system. (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.) Account Titles and Explanation (To record purchase on account) (To record purchase return) (To record sales on account) (To record cost of goods sold) Debit Credit
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