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Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Sold merchandise with a cost of $2,300 for $3,700; term 2/10,
Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Sold merchandise with a cost of $2,300 for $3,700; term 2/10, n/38, FOB destination. 2 Paid $305 to ship the merchandise sold on February 1. 3 The customer of February 1 returned half of the amount purchased because it was the incorrect product; it was returne inventory. 4 Sold merchandise to a customer for $3,200 (cost of sales $1,680); terms 2/10, n/30, FOB destination. 11 Collected the amount owing from the customer of February 1. 23 Sold merchandise to a customer for cash of $1,140 (cost of sales $660). 28 The customer of February 4 paid the amount owing. View transaction list "ournal entry worksheet 1 2 3 4 5 6 7 8 CNCRY 11 cord sale of merchandise for $3,700; terms 2/10, n/30, FOB destination..
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