Question
GameGirl, Incorporated, has the following transactions during August. August 6 Sold 50 handheld game devices for $100 each to DS Unlimited on account, terms
GameGirl, Incorporated, has the following transactions during August. August 6 Sold 50 handheld game devices for $100 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 50 game devices sold was $80 each. August 10 DS Unlimited returned five 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.)
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