Question
Juan company uses a perpetual inventory system and engaged in the following transactions during the month of april 1) made cash sales of 6300; the
Juan company uses a perpetual inventory system and engaged in the following transactions during the month of april
1) made cash sales of 6300; the cost of the inventory was 3700
5)purchased 2000 of inventory on credit
9) made credit sales of 3300; cost of inventory sold was 1900
13) paid sales salaries of 900 and office salaries of 600
14) paid for the april 5 purchase
18) purchased sales equipment costing 8000; made a down payment of 2000 and agreed to pay the balance in 60 days
21)purchased 600 of inventory for cash
27)sold land that had originally cost 1900 for 2600
required: record the preceding transactions in a general journal.
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