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Journalize the following transactions for Beta Co . assuming ( a ) a perpetual inventory system, and ( b ) a periodic inventory system. If
Journalize the following transactions for Beta Co assuming a a perpetual inventory system, and b a
periodic inventory system. If no entry is required, write no entry
May Beta purchased $ of inventory from Delta. Terms net FOB destination.
May The appropriate company paid freight charges of $ relating to the May transaction.
May Beta sold $ of inventory to Gamma on account. Terms net FOB
destination. The inventory originally cost $
May Beta paid their account to Delta in full relating to the May transaction
May The appropriate company paid freight charges of $ relating to the May transaction.
May Beta received cash from Gamma for the full amount outstanding from May
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