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help me solve this exercise 1 3- Principles of Accounting Assignment Day 11.docx Exercise 5-2 Recording journal entries for merchandise purchase transactions-perpetual L03 Journalize each
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1 3- Principles of Accounting Assignment Day 11.docx Exercise 5-2 Recording journal entries for merchandise purchase transactions-perpetual L03 Journalize each of the following transactions assuming a perpetual inventory system Feb Purchased $17,000 of merchandise inventory: terms 1/10, 1/30 5 Purchased for cash $8,200 of marchandise inventory. Purchased $22.000 of merchandise inventory: terms 2/15, 1/45 Purchased $1,900 of office supplies terms 1/15 10 Contacted a major supplier to place an order for $200,000 of merchandise in exchange for a 30% trade disco to be shipped on April 1 FOB destination 11 Paid for the merchandise purchased on February 1. Paid for the office supplies purchased on February Mar. 23 Paid for the February 6 purchase. 6 24 Exercise 5-3 Recording journal entries for merchandise purchase transactions-perpetual L03 Step by Step Solution
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