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Journalize each of the following transactions assuming a perpetual inventory system. Sept. 1 Sold merchandise to JenAir for $6,000 (cost of sales $4,200 ); terms
Journalize each of the following transactions assuming a perpetual inventory system. Sept. 1 Sold merchandise to JenAir for $6,000 (cost of sales $4,200 ); terms 2//10,n//30. 14 Collected the amount owing regarding the September 1 sale to JenAir. 15 Sold merchandise costing $1,500 to Dennis Leval for $1,800; terms 2//10,n//30. 25 Collected the amount owing from the September 15 sale to Dennis Leval, less the applicable discount. Question 2 Journalize each of the following transactions assuming a perpetual inventory system. Oct. 15 Sold merchandise to Leslie Garth for $900 (cost of sales $600 ); terms 1//5,n//20. 16 Issued a $100 credit memorandum to Leslie Garth regarding an allowance on the October 15 sale. 25 Collected the amount owing regarding the
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