Introduction to Financial Accounting - Tri2 2020 Homework: Week 4 Homework Inventory Retail Nafisa Alam Say 12/07/2010:05 PM Sve Score: 0 of 3 pts 2 of 4 completo HW Score: 28.64%, 2.86 of 10 pts Instructor-created question Question On November 15, 2015, Lavery's Department Store purchased $600 of inventory on account from one of the suppliers. The terms were 3/15, 4, FOB ping point. Upon receiving the goods, Les Department Store checked the order and found 5600 of unsuitable merchandise which was returned to the supplier on November 20 Requirement 1. Journalize all necessary transactions for Lavery's Department Store using (1) the perpetual inventory system, and (2) the periodic inventory system. Omtalations 2. Use the student to show work button to answer the following on the show the general uma for the payment of the voice ournal is the same under bomo) Requirement (1). Journalize all necessary transactions for Lovery's Department Store using the perpetual inventory system. Record debits first, then credits. Buplanations are not required) Start by joumalizing the November 15 purchase of inventory Journal Entry Date Accounts Debit Credit November 15 Now journalize the return of unsuitable merchandise on November 20 Journal Entry Accounts Date Debit Credit November 20 Choose from any list or enter any number in the input fields and then click Check Answer Check Air Clow All parts showing 160 Introduction to Financial Accounting - Tri2 2020 0 Homework: Week 4 Homework Inventory Retail Score: 0 of 3 pts 24.com HW Score 28 54%,286 of 10 pts Instructor-created question O On November 15, 2015, Lavery's Department Store purchased 56 300 of inventory on account from one of its suppliers. The terms were 15, nes, Fosing point Upon ng Demet checked the order and found 500 of unsuitable merchandise which was returned to the applier on November 20 Requirement 1. Journaltzalecessary transactions for every's Department Store using the per inventory and the periodic Inventory system. Omdations 2. Use the student to show work button to following on the show the general journal or the payment of the is the same under the Date Accounts Debit Cred November 20 (2) Journalize all necessary transactions for Lavery's Department Store using the periodic inventory system Start by joumalizing the November 15 purchase of inventory Journal Entry Date Accounts Debit Credit November 15 2 Now lournalize the return of unsuitable merchandise on November 20 2 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear Al All parts showing MCD2160 Introduction to Financial Accounting.TH2 2020 o Homework: Week 4 Homework Inventory Retail Nam 13/07/2010:06 PM O Score: 0 of 3 pts HW Scon 28 54% 2.5 of 10 Instructor-created question On November 15, 2015, Lavery Department Store purchased 38 000 of invertory on count from one of its suppliers. There were 3116. 48. Oricing point Upon receing there. Dort checked the order and found 5000 of ble merchandise which was returned to the supplier on November 20 Requirement 1. Journalize al necessary transactions for Lover's Department Store in the perpetrand the periodic tory system med plats 2. Use the student to show work button to answer the following On the other more payment of the noce jour the warme under the Journal Entry Date Accounts Debut Cred November 15 Now journaline the return of unsuitable merchandise on November 20 Journal Entry Date Accounts November 20 Debit Credit Choose from any list or enter any number in the input fields and then click Check