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Joey Juno began a web-based computer sales and service company on November 1, 2024 called Juno's Toys Inc. The following information is available for November,
Joey Juno began a web-based computer sales and service company on November 1, 2024 called Juno's Toys Inc. The following information is available for November, 2024 (assume a perpetual inventory system). November 1 $24,000 of merchandise was purchased from Northstar Corp. on account; terms 1/10, n30. 1 Sold merchandise to Joe Sixpack that cost $5,500 for $6,200 cash. 2 Purchased $5,000 of merchandise inventory from Ludwig Inc.; terms 1/10, n30; FOB shipping point. 3 Received the November 2, 2024 purchase and paid cash of $250 for shipping. 4 Sold merchandise to Joe Sixpack that cost $3,400 for $3,900; terms 1/15, n30. 6 Paid for the merchandise purchased from Ludwig Inc. on November 2, 2024. 12 The customer of November 4, 2024 returned $900 of their
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