Flint Ltd. had beginning inventory of 51 units that cost $100 each. During September, the company purchased 206 units on account at $100 each, returned 7 units for credit, and sold 150 units at $203 each on account.

Journalize the September transactions, assuming that Flint Ltd. uses a perpetual inventory system.

Account Titles and Explanation Debit Credit (To record purchase on account) (To record purchase return) (To record sales on account) Activate Wind Go to Settings to (To record cost of goods sold)