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Exercise NO 7-5 On September 1, Sabbage Company had an inventory of 15 shirts at a cost of $25 each. The company uses a perpetual
Exercise NO 7-5 On September 1, Sabbage Company had an inventory of 15 shirts at a cost of $25 each. The company uses a perpetual inventory system. During September, the following transactions and events occurred Sept. 4 Purchased 20shirts $25 each from Mousa, terms 2/10/30 Sept. 6 Returned of shirts purchased on Sept that were defective Septy SM40 shirts for 535 each to store terms 2/10, 13 Sept. 13 Sold 15 sets for $35 each to Rabaya & Mein Company, terms I sept. 14 Paid Mousais les discount Journalize the September transactions
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