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Home Insert Draw Design Layout References Mailings Review Share Comm Times New... 12 AAA VAS Paste BI U ab xx Paragraph Dictate Styles Sensitivity 25)

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Home Insert Draw Design Layout References Mailings Review Share Comm Times New... 12 AAA VAS Paste BI U ab xx Paragraph Dictate Styles Sensitivity 25) Office Supplies, Inc. uses a perpetual inventory system. Journalize the following sales transactions this company. Explanations are not required. (6pts) July 3: Sold $15,400 of merchandise on account, credit terms are 1/30. Cost of goods is $9,300, July 7: Received a $750 sales return from the customer. Cost of the goods is $435. July 20: Received payment from the customer. Answer: Date Accounts Debit Credit 15 7720 F7 FB F9 F10

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