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i need help with this asap Question 31 of 31 -/10 View Policies Current Attempt in Progress On September 1, Reid Supply had an inventory
i need help with this asap
Question 31 of 31 -/10 View Policies Current Attempt in Progress On September 1, Reid Supply had an inventory of 15 backpacks at a cost of $20 each. The company uses a perpetual inventory system. During September, the following transactions and events occurred Sept. 4 Purchased 70 backpacks at $20 each from Hunter terms 2/10, 1/30. Sept. 6 Received credit of $100 for the return of 5 backpacks purchased on Sept. 4 that were defective. Sept. 9 Sold 40 backpacks for $35 each to Oliver Books, terms 2/10,n/30 Sept. 13 Sold 15 backpacks for $35 each to Heller Office Supply, terms n/30. Sept 14 Paid Hunter in full, less discount Journalize the September transactions for Reid Supply. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Type here to search O i C 199+ Question 31 of 31 - 10 E OG MER Date Account Tiles and Explanation Debit Credit (To record sele.) (To record cost of good sold.) To redurd sale (To record cost of good sold.) o e (99+Step by Step Solution
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