Ch 4 counting (Revised) 2/e 99 100% 50% The following transactions occurred during the year for Dave's TVs, Inc., a retail company that uses a perpetual inventory system and records purchases net of any discounts offered: March 1: Purchased inventory for $71,000 (gross price). The terms of the purchase were 2/10, n/30. March 4: Returned merchandise which was defective that had a gross price (before taking any discount) of $1,000. March 9: Paid the balance owed on purchases of March 1. Prepare entries that Dave's TVs, Inc. made on these three dates. me! Ch 4 Sec 8 (Shift + c) or tt Using the facts from E4.11 except that the balance owed was paid on March 30 rather than March 9, prepare the entries needed on March 1, March 4, and March 30 on the books of Dave's TVs, Inc. Pg. 98 (Shift + p) Scroll Up (Shift + s) The following transactions occurred during the year for Harry's Bargain Basement, Inc., a retail company that uses a periodic inventory system and records purchases net of any discounts offered March 1: Purchased inventory for $71,000 (gross price). The terms of the purchase were 2/10, 1/30. March 4: Returned merchandise which was defective that had a gross price (before taking any discount) of $1,000. March 9: Paid the balance owed on purchases of March 1. Prepare entries that Harry's Bargain Basement, Inc, made on these three dates, Using the facts from E4.13 except that the balance owed was paid on March 30 rather than March 9, prepare the entries needed on March 1, March 4, and March 30 on the books of Harry's Bargain Basement, Inc. The following transactions occurred during the year for Dave's TVs, Inc., a retail company that tises a perpetual inventory system and records purchases at their gross purchase price before taking any discounts offered: March 1: Purchased inventory for $71,000 (gross price). The terms of the purchase were 2/10, 1/30 March 4 Returned merchandise which was defective that had a gross price (before taking any discount) of $1,000. March 9: Paid the balance owed on purchases of March 1 Prepare entries that Dave's TVs, Inc. made on these three dates Scroll Down (s) Pg. 100 (p) Using the facts from E4.15 except that the balance owed was paid on March 30 rather than PILO800 49 2