Question
NashCompany uses a perpetual inventory system. Its beginning inventory consists of55units that cost $37each. During June, (1) the company purchased165units at $37each on account, (2)
NashCompany uses a perpetual inventory system. Its beginning inventory consists of55units that cost $37each. During June, (1) the company purchased165units at $37each on account, (2) returned7units for credit, and (3) sold138units at $55each.
Journalize the June transactions.
debit credit
1)
2)
3)
(to record sales)
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Introduction To Financial Accounting
Authors: Charles T Horngren, John A Elliott
9th Edition
0131479725, 978-0131479722
