FACTS January 1, Beginning Inventory: 700 units @ $10/unit June 30, Inventory Purchase (with cash): 1,000 units @ $10/unit September 30, Inventory Sale (on credit): 900 units @ $22/unit . Additional Information: All purchases of inventory, throughout time, are $10/shirt, and therefore the inventory valuation method used by the company is irrelevant. The company only closes its books once a year, on December 31. Assuming the company uses the periodic method to account for its inventory, what journal entry will the company record on June 302 Dr. Purchases $10,000 Cr. Accounts Payable $10,000 View Bookmarks People Tab Window DF24 Care Updates Arne Do you wantant 304 Homework #4 the 2:00:00 Joseph Verde: Attempt 1 29 30 Additional Information. All purchases of inventory, throughout time, are $10/shirt. and therefore the inventory valuation method used by the company is irrelevant. The company only closes its books once a year, on December 31 32 33 Assuming the company uses the periodic method to account for its inventory, what Journal entry will the company record on June 302 35 35 1 38 3 Dr. Purchases $10,000 Cr. Accounts Payable $10,000 Dr. Purchases $10.000 Cr. Cash 510,000 Dr. Inventory $10,000 Cr Cash $10,000 o 42 ODc Inventory S10,000 C. Accounts Payable 510,000 2 Video Good Bowl MacBook Air 30 $ 1 2 & 7 3 5 O 8 9 W E R T Y U 1 O P 5 D F G H J KL A > X C V B N M