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C. PERPETUAL JOURNAL ENTRIES 014 Marts) Quinton Landscaping sells mowers and other maintenance m ent. The following formation relates to its inventory of mowers, which

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C. PERPETUAL JOURNAL ENTRIES 014 Marts) Quinton Landscaping sells mowers and other maintenance m ent. The following formation relates to its inventory of mowers, which is accounted for using the perpetual entory method June 3 Purchased 35 mowers at $ 400 each from KeepGreen Equipment terms 2/10, 000 shipping point. 4 The correct company paid freight of $ 1.200 on the June 4 purchase 10 Returned 4 of the mowers purchased on June 3 30 Paid the Keep-it-Green account in full Instructions a) Prepare the journal entries to record these transactions b) Determine the ending balance in the Merchandise Inventory account at June 30. (There was no Inventory at the beginning of the period.)

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