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i need plz Brief Exercise 6-12 (Algo) Record purchase returns of inventory using a perpetual system (LO6-5) Shankar Company uses a perpetual system to record
i need plz
Brief Exercise 6-12 (Algo) Record purchase returns of inventory using a perpetual system (LO6-5) Shankar Company uses a perpetual system to record inventory transactions. The company purchases 2,000 units of inventory or account on February 2 for $76,000 (\$38 per unit) but then returns 150 defective units on February 5. Record (a) the inventory purchase on account on February 2 and (b) the inventory return on February 5 . (If no entry is required fo particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the purchase of inventory on account. Notie: Enter debits before creditz Step by Step Solution
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