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have to make a journal entry for all 4 june dates Bino Corp uses a perpetual inventory system. The following activities occurred in June, Bino's
have to make a journal entry for all 4 june dates Bino Corp uses a perpetual inventory system. The following activities occurred in June, Bino's first month of operations. June 2 Bino purchased $60,000 worth of inventory on credit, terms 1/15, 1/60. June 3 Bino paid transportation costs of $1,400. June 7 Bino returned $5,000 worth of the inventory to the supplier for a full refund. June 14 Bino paid the supplier for the inventory a. Preapare the journal entries to record the above transactions. b. Assuming no sales were made during June, calculate the cost of inventory as of June 302 ENTER YOUR ANSWER TO PART b (COST OF INVENTORY) BELOW: $
have to make a journal entry for all 4 june dates
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