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Journal EntriesPerpetual Inventory 1. Journalize the transactions in a general journal using the perpetual inventory method. If an amount box does not require an entry,

Journal EntriesPerpetual Inventory

1. Journalize the transactions in a general journal using the perpetual inventory method. If an amount box does not require an entry, leave it blank.

Joan Ziemba owns a small variety store. The following transactions took place during March of the current year.

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Will rate.

Mar. 3 Purchased merchandise on account from City Galleria, $3,090. 7 Paid freight charge on merchandise purchased $245. 13 Sold merchandise on account to Amber Specialties, $3,500. The cost of the merchandise was $2,370. 18 Received a credit memo from City Galleria for merchandise returned, $660. 22 ed a cr on to Ambu ed, $580. Th e cost of the s $340 General Joumal 1. Joumalize the transactions in a general journal using the perpetual inventory method If an amount box does not require an entry, leave it blank Page DATE ACCOUNT TITLE DOC. POST. aREDIT DEBIT NO 1 20- Mar. 3 4 7 8 Record S 10 13 11 Record Cost 13 18 6 22 17 Record S 18 19 22 20 Record Cost 20 21

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