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DS Unlimited has the following transactions during August. August 6 Purchases 80 handheld game devices on account from GameGirl, Incorporated, for $250 each, terms 2/10,
DS Unlimited has the following transactions during August. August 6 Purchases 80 handheld game devices on account from GameGirl, Incorporated, for $250 each, terms 2/10, n/60. August 7 Pays $450 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to Gamegirl five game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 60 game devices purchased on August 6 for $270 each to customers on account. The total cost of the 60 game devices sold is $15,060.00. Required: 1. Record the transactions of DS Unlimited, assuming the company uses a periodic inventory system. 2. Record the period-end adjusting entry to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $3,765. Complete this question by entering your answers in the tabs below. Record the transactions of DS Unlimited, assuming the company uses a periodic inventory system. (If no entry is required for transaction/event, select "No Journal Entry Required" in the first account field.) DS Unlimited has the following transactions during August. August 6 Purchases 80 handheld game devices on account from Gamegirl, Incorporated, for $250 each, terms 2/10, n/60. August 7 Pays $450 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to Gamegirl five game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 60 game devices purchased on August 6 for $270 each to customers on account. The total cost of the 60 game devices sold is $15,060.00. Required: 1. Record the transactions of DS Unlimited, assuming the company uses a periodic inventory system. 2. Record the period-end adjusting entry to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $3,765. Complete this question by entering your answers in the tabs below. Record the period-end adjusting entry to cost of goods sold on August 31 , assuming the company has no beginning inventory and ending inventory has a cost of $3,765. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits
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