Ceres Computer Sales uses the perpetual inventory system and had the following transactions
	during the month of December.
a. Prepare the general journal entries to record these transactions. (Explanations are NOT required.)
Dec. 4	Purchased merchandise on credit for $4,200 with terms of 2/20, n/30.
11	Received a credit memo of $600 for return of faulty merchandise purchased on December 4.
12	Sold merchandise for $7,000 on credit with terms of 3/10,n/30. The items cost $4,000.
13	Purchased merchandise for cash of $1,800.
18	Paid freight charges of $100 for merchandise previously received.
23	Made payment of balance due for purchase of Dec. 4.

Required:

5 X ACC 2010_Homework Make-Up_FA20-Truman - D (2) - Excel ACROBAT Tell me what you want to do... File Home Insert Page Layout Formulas Data Review View Tolulope Oloyede01 2 Share AutoSum - >! Calibri 11 - A Wrap Text General * Cut E Copy Format Painter AY A H Insert Delete Format Fill Paste B I U A EES Merge & Center - $ %, 0.000 .00 0 Clear Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Editing Clipboard Font Alignment Number Cells B194 X f Required: B D E F G H I L M N R R T U Y z z AB AC AD AE AF AG 219 220 221 Date Account Titles and Explanation Debit Credit 222 1214 223 224 225 12/11 226 227 228 12/12 229 230 231 232 233 12/13 234 235 236 12/18 237 238 239 12/23 240 241 242 243 244 6. Assume the beginning inventory is $6,400. Calculate the ending inventory balance at Dec. 31. 245 (Show calculations.) 246 247 Merchandise Inventory 248 Beg, Balai 6,400 249 250 251 252 253 254 255 256 Ending Balance Exam 1-second exam + Select destination and press ENTER or choose Paste Count: 6 W @ + 60% I W AD 2:20 PM 10/25/2020