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Current Attempt in Progress Che Company buys merchandise on account from Wirtz Company. The selling price of the goods is $780, and the cost of
Current Attempt in Progress Che Company buys merchandise on account from Wirtz Company. The selling price of the goods is $780, and the cost of the goods is $470. Both companies use perpetual inventory systems. Joumalize the transaction on the books of both companies. List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no wnty is required, select "No Entry" for the cecount titles and enter o for the amounts. Account Titles and Explanation Debit Credit
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