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i need help jouralizing transactions and adjusting entries using a perpetual inventory system Current Attempt in Progress On December 1, 2022, Bonita Company had the
i need help jouralizing transactions and adjusting entries using a perpetual inventory system
Current Attempt in Progress On December 1, 2022, Bonita Company had the account balances shown below. Cash Accounts Receivable Inventory Equipment Dec. 3. 5 7 2. 17 22 Debit *(4,600 x $0.60) The following transactions occurred during December: $5,300 Adjustment data: 4,000 2,760 23,000 $35,060 Accumulated Depreciation-Equipment Accounts Payable Owner's Capital Credit 1 Recognized accrued salaries payable $400. Recognized depreciation $400 per month. $1,300 3,600 30,160 Purchased 4,800 units of inventory on account at a cost of $0.74 per unit. Sold 5,300 units of inventory on account for $0.90 per unit. (Bonita sold 4,600 of the $0.60 units and 700 of the $0.74.) Granted the December 5 customer $150 credit for 200 units of inventory returned costing $100. These units were returned to inventory. $35,060 Purchased 2,300 units of inventory for cash at $0.80 each. Sold 3,600 units of inventory on account for $0.95 per unit. (Bonita sold 3,600 of the $0.74 units.)
i need help journalizing the december transaction and adjusting entries
Current Attempt in Progress On December 1, 2022, Bonita Company had the account balances shown below. (4,600$0,60) The following transactions occurred during December Dec 3 Purchased 4,800 units of inventory on account at a cost of $0.74 per unit. 5. Sold 5,300 units of imventory on account for $0.90 per unit. (Bonita sold 4,.600 of the $0.60 units and 700 of the $0.74 ) 7 Granted the December 5 customer $150 credit for 200 units of inventory returned costing $100. These units were returned to inventory. 17 Purchased 2,300 units of inventory for cash at $0.80 each. 22 Sold 3,600 units of inventory on account for $0.95 per unit. (Bonita sold 3,600 of the $0.74 units) Step by Step Solution
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