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GameGirl, Incorporated, has the following transactions during August. August 6 Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10,
GameGirl, Incorporated, has the following transactions during August. August 6 Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 56 game devices sold was $110 each. August 10 DS Unlimited returned six game devices purchased on August 6 since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Incorporated, assuming the company uses a perpetual inventory system. The items returned on August 10 were considered worthless to GameGirl and were discarded. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 > Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 56 game devices sold was $110 each. Record the sale of inventory on account. Note: Enter debits before credits. Date General journal Debit Credit August 06 Record entry Clear entry View general journal GameGirl, Incorporated, has the following transactions during August. August 6 Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 56 game devices sold was $110 each. August 10 DS Unlimited returned six game devices purchased on August 6 since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Incorporated, assuming the company uses a perpetual inventory system. The items returned on August 10 were considered worthless to GameGirl and were discarded. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 56 game devices sold was $110 each. Record the cost of inventory sold. Note: Enter debits before credits. Date General journal Debit Credit August 06 Record entry Clear entry View general journal GameGirl, Incorporated, has the following transactions during August August 6 Sold 56 handheld game devices for $130 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 56 game devices sold was $110 each. August 10 DS Unlimited returned six game devices purchased on August 6 since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Incorporated, assuming the company uses a perpetual inventory system. The items returned on August 10 were considered worthless to GameGirl and were discarded. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record receipt of full amount due from DS Unlimited. Note: Enter debits before credits. General journal Debit Credit Date August 14 Record entry Clear entry View general journal
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