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Journal Entries-Perpetual Inventory Joan Ziemba owns a small variety store. The following transactions took place during March of the current year. Mar. 3 Purchased merchandise
Journal Entries-Perpetual Inventory Joan Ziemba owns a small variety store. The following transactions took place during March of the current year. Mar. 3 Purchased merchandise on account from City Galleria, $3,100. 7 Paid freight charge on merchandise purchased, $200. 13 Sold merchandise on account to Amber Specialties, $3,500. The cost of the merchandise was $2,000. 18 Recaived a credit memo from City Galleria for merchandise returned, $700. 22 Issued a credit memo to Amber Specialties for merchandise returned, $600. The cost of the merchandise was $ Journalize the transactions in a general journal using the perpetual inventory method
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