jeaner furniture company engaged in the following transactions during october of the current year:

1. journalize the preceeding transactions on the books of jeaner furniture company. assume the company uses the perpetual inventory system. (Record debits first, then credits)

2. suppose the balance in inventory was $63,000 on october 1. what is the balance in inventory on october 31?

ansactions during October of the current year: oks More Info on son Doto explanations from Journal en ntry Oct. 2 Purchased Inventory for cash, $20,000, less a quantity discount of $2,813 5 Purchased store supplies on credit terms of net com, $5,000. 8 Purchased inventory of $60,000 less a quantity discount of 11 percent, plus freight charges of $2,800. Credit terms are 3/15, 1/30. 9 Sold goods for cash, $31,000. Jeaner's cost of these goods was $14,500. 11 Returned $3,200 (net amount after the quantity discount) of the inventory purchased on October 8. It was damaged in shipment. 12 Purchased inventory on credit terms of 3/10, 1/30, $72,000 14 Sold inventory on credit terms of 2/10, 1/30 for $144,000, less a $14.400 quantity discount (cost, $87,000). 16 Received and paid the electricity bill, $3,800. 20 Received returned inventory from the October 14 sale, S6,400 (net amount after the quantity discount) Jeaner shipped the wrong goods by mistake. Jeaner's cost of the inventory received was $4,400. 21 Paid supplier for goods purchased on October 8 less the discount and the return. Freight costs are not subject to purchase discounts. 23 Received $99,000 cash in partial settlement of the account from the customer who purchased inventory on October 14. Granted the customer a 1 percent discount and credited the customer's account receivable for $100,000 31 Paid for the store supplies purchased on October 5 of ne Entry Print Done Input fields and then continue to the next