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Charlie Company uses a perpetual inventory system. During May, the following transactions and events occurred May 13 Sold 8 motors at a cost of $45

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Charlie Company uses a perpetual inventory system. During May, the following transactions and events occurred May 13 Sold 8 motors at a cost of $45 each to Scruffy Brothers Supply Company, terms 4/10, 1/30. The motors cost Charlie $26 each. May 16 One defective motor was returned to Charlie May 23 Received payment in full from Scruffy Brothers. Journalize the May transactions for Charlie Company (seller) assuming that Charlie uses a perpetual inventory system. (Credit account titles entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to decimal places, eg. 5,275) Date Account Titles and Explanation Debit Credit (To record credit sale.) (To record cost of good sold.) (To record goods returned.) Type here to search o e a Date Account Titles and Explanation Debit Credit (To record credit sale.) (To record cost of good sold.) (To record goods returned.) (To record cost of good returned.) May 23 Type here to search Charlie Company uses a perpetual inventory system. During May, the following transactions and events occurred. May 13 Sold 8 motors at a cost of $45 each to Scruffy Brothers Supply Company, terms 4/10,n/30. The motors cost Charlie $26 each. May 16 One defective motor was returned to Charlie May 23 Received payment in full from Scruffy Brothers Journalize the May transactions for Charlie Company (seller) assuming that Charlie uses a perpetual inventory system (Credit account titles are autom entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to O decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit (To record credit sale.) (To record cost of good sold.) To record goods returned) Type here to search

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