EXERCISE 9-7 Record the following transactions for a perpetual inventory system in general journal form. Sold merchandise on account to Southridge Manufacturing, Inc., invoice no. 6910, $1,815.24. The cost of merchandise was $1,320. b. Issued credit memorandum no. 56 to Southridge Manufacturing, Inc., for merchandise returned, $622. The cost of the merchandise was $485. c. a. Bought merchandise on account from Michal's Inc., invoice no. 1685, $850; terms 1/10, n/30; dated April 14; FOB Dallas, freight prepaid and added to the invoice, $65.00 (total $915). d. Received credit memorandum no. 219 from Michal's Inc. for merchandise returned, $210. for March: Practice Exercises Show me HOW LO 8

- EXERCISE 9-7 Record the following transactions for a perpetual inventory system in general journal form. a. Sold merchandise on account to Southridge Manufacturing, Inc., invoice no, 6910, $1,815.24. The cost of merchandise was $1,320. b. Issued credit memorandum no. 56 to Southridge Manufacturing, Inc., for merchandise returned, $622. The cost of the merchandise was $485. c. Bought merchandise on account from Michal's Inc., invoice no. 1685,$850; terms 1/10,n/30; dated April 14; FOB Dallas, freight prepaid and added to the invoice, $65.00 (total \$915). d. Received credit memorandum no. 219 from Michal's Inc. for merchandise returned, $210