high life corporation

Homework: Week 4: Homework Score: 0 of 6 pts 1 of 6 (0 complete) E6-15A (similar to) Accounting records for High Life Corporation yield the following data for the year ended June 30, 2018 (assume sales returns are non-existents EI! (Click the icon to view the accounting records) Read the requirements Requirement 1. Journalize High Life's inventory transactions for the year under the perpetual system. (Record debits first, then credits. Exclude explanations from any journal entries) The first transaction is the purchase of inventory. Record the entry Debit Credit Date 30 Jun Journal Entry Accounts Inventory Accounts Payable Accounts Receivable 12000 ccounting records for High Life Corporation yield the following data for the year ended June 30, 2018 (assume sales returns are non-existent); (Click the icon to view the accounting records.) Read the requirements. * Data Table The next transaction is the sale of inventory. Record the entry. Do not Journal Entry Date Accounts Jun 30 Accounts Receivable Inventory, June 30, 2017 ........... .......3 Purchases of inventory (on account) Sales of inventory - 80% on account: 20% for cash (cost $50.000) Inventory at FIFO, June 30, 2018 .000 57.000 100.000 Print Done oose from any list or enter any number in the input fields and then click Check