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I can't understand the perpetual inventory system and how to journalize the transactions. I would really appreciate some help :) Spor Toy Pa the perpetua
I can't understand the perpetual inventory system and how to journalize the transactions. I would really appreciate some help :)
Spor Toy Pa the perpetua inventory system and buys 5900,000 LEGO toys on credit forms of 2/15./45. Some of the goods are damaged in shipment no Toys Pusretums $12.500 of the merchandise to LEGO Journaliste folowing transactions on the books of Toys Plus Explanation are not required Purchase go on 2020 Reum of the damaged goods on July 12. 2020 c. Payment on y 15.2020 a. In the end, how much did the inventory cost Toys Plus? Journakan hewing schon on the books of Toys Plus Explanations and more Purchase of the goodson Jay 6.2000 Record debits first, then credits. Exclude explanations from journal entries) Journal Entry ROOS Det Rodony 12. 2020 mal Entry De 30 31 85 TE $ + 7 2 3 4 5 6 7 8 9 0 Q W E R 0 P 3 Suppose Toys Plus uses the perpetual inventory system and buys $100,000 of LEGO toys on credit terms of 2/15, n Journalize the following transactions on the books of Toys Plus. Explanations are not required. a. Purchase of the goods on July 8, 2020, b. Return of the damaged goods on July 12, 2020 c. Payment on July 15, 2020 d. In the end, how much did the inventory cost Toys Plus? Journalize the following transactions on the books of Toys Plus. Explanations are not required a. Purchase of the goods on July 8, 2020. (Record debits first, then credits. Exclude explanations from journal entr Journal Entry Accounts Debit July 8 Credit b. Return of the damaged goods on July 12. 2020 Journal Entry Accounts July 12 Debit Credit c. Payment on July 15, 2020. (Round your answers to the nearest whole dollar.) Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. MacBook esc 71 80 P 1 # 3 $ 2 % A 4 5. Journalize the following transactions on the books of Toys Plus. Explanations are not required. a. Purchase of the goods on July 8, 2020 b. Return of the damaged goods on July 12, 2020 c. Payment on July 15, 2020 d. In the end, how much did the inventory cost Toys Plus? b. Retum of the damaged goods on July 12, 2020 Journal Entry Accounts Debit Credit July 12 e. Payment on July 15, 2020. (Round your answers to the nearest whole dollar) Journal Entry Accounts Debit Credit Suly 15 d. In the end, how much did the inventory cost Toys Plus? Theory costs Toys Plus Choose from any story number in the input fields and then cortinue to the next question MacBook Air esc 1 8 80 2 14 @ 08 1 2 Step by Step Solution
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