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Journal Entries for Merchandise Transactions on Seller's and Buyer's gooks- Perpetual System The following transactions occurred between the Decker Company and Mann Stores, inc, during
Journal Entries for Merchandise Transactions on Seller's and Buyer's gooks- Perpetual System The following transactions occurred between the Decker Company and Mann Stores, inc, during March: Reguired Prepare the necessary joumal entries for (a) the books of Decker Company and (b) the books of Mann Stores, inc, Assume tivat both companies use the perpetual imentary system. Buyer's joumal entres 1 \begin{tabular}{|c|c|c|} \hline Mar: & 8 & Decher sold 514,000 worth of merchandse (\$9,600 cost) to Nann stoces wen terms of zne n30 \\ \hline & 10 & \\ \hline & 12 & Marin Stores retumed 52000 of the merchandse (\$2 600 cost) shipped on March \& \\ \hline & 17 & Decker recenved ful parment for the nut movers due from the Mardi 8 sale. \\ \hline & 20 & \\ \hline \end{tabular} Revuired Prepare the necessary journul entries for (a) the books of Decker Compary and (b) the books of Mann stores. Inc. Aswume that both companies ine ithe perpetual inventory shtem Please answer all parts of the
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