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Chegg Co. had the following activity during the month of February. Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Sold
Chegg Co. had the following activity during the month of February. Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Sold nerchandise with a cost of $1,750 for $2,608; terns 2/10,n/30, fol destination. 2 Paid $250 to ship the merchandise sold on February 1. 3 The customer of February 1 returned half of the anount purchased bpcause it was the incorrect product; it was returned to inventory. 4 Sold merchandise to a custoeer for $4,300 (cost of sales: $2,780); terms 2/10,n/30,, Foe. destination. 11 Collected the anount pwing from the custoner of February 1. 23 Sold merchandise to a custoner for cash of $1,250 (cost of sales $770 ). 28 The customer of February 4 paid the aeount owing. Journal entry worksheet 34567811 Record sale of merchandise for $2,600; terms 2/10,n/30,rOB destination. Note: Einer debits before credis. Journal entry worksheet 234567811 Record sale of merchandise for $2,600; terms 2/10,n/30, FOB destination. Note: Enter debits before credits
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