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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 merchandise with a cost of $2,300 for $3,700; terns 2/10,n/30, Fot destination. 2. Paid $305 to shp the merchandise sold on February 1. 3 The custoner of February 1 returned half of the asount purchased because it was the incorrect product; it was returned to inventory. 4 Sold merchandise to a customer for $3,200 (cost of sales $1,680); terms 2/10, n/30, FC8, destination. 11 collected the amount owing from the customer of February 1. 23 sold nerchandise to a customer for cash of $1,140 (cost of sales 5660 ). 28 The customer of February 4 paid the atount oring. Journal entry worksheet Record sale of merchandise for $3,700; terms 2/10,n/30,FOB destination. Note: Enter debits before credits
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