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Exercise 6-11A Record transactions using a perpetual system (LO6-5) DS Unlimited has the following transactions during August. August 6 Purchases 66 handheld game devices on
Exercise 6-11A Record transactions using a perpetual system (LO6-5)
DS Unlimited has the following transactions during August.
August | 6 | Purchases 66 handheld game devices on account from GameGirl, Inc., for $180 each, terms 2/10, n/60. | ||
August | 7 | Pays $380 to Sure Shipping for freight charges associated with the August 6 purchase. | ||
August | 10 | Returns to GameGirl six game devices that were defective. | ||
August | 14 | Pays the full amount due to GameGirl. | ||
August | 23 | Sells 46 game devices purchased on August 6 for $200 each to customers on account. The total cost of the 46 game devices sold is $8,406.00. |
Required:
Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)
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