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Journalize each of the following transactions assuming a perpetual inventory system. ( If no entry is required for a transaction / event , select
Journalize each of the following transactions assuming a perpetual inventory system. If no entry is required for a transactionevent select No journal entry required" in the first account field.
Feb. Purchased $ of merchandise inventory; terms n
Purchased for cash $ of merchandise inventory.
Purchased $ of merchandise inventory; terms n
Purchased $ of office supplies; terms n
Contacted a major supplier to place an order for $ of merchandise in exchange for a trade discount to be shipped on April FOB destination.
Paid for the merchandise purchased on February
Paid for the office supplies purchased on February
Mar. Paid for the February purchase.
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