Georgia Restaurant bought $$17,300$ of food inventory from Great Wholesalers on June $23,2021.$ Great Wholesalers cost of the food was $$12,300.$ Payment is due on July $23.$ Both companies use the perpetual inventory system.

Do not enter dollar signs or commas in the input boxes.

Required

a$)$ Prepare the journal entry for Georgia Restaurant on June $23.$

Date Account Title and Explanation Debit Credit

$2021$

Jun $23$ Answer

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Purchased inventory

b$)$ Prepare the journal entries for Great Wholesalers on June $23.$ Record the revenue transaction first.

Date Account Title and Explanation Debit Credit

$2021$

Jun $23$ Answer

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Sold inventory on account

Jun $23$ Answer

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Cost of sales for above sale