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need this journel entry done asap Sunland Corp.uses a perpetual inventory system. The company had the following inventory transactions in April: April 3 6 7
need this journel entry done asap
Sunland Corp.uses a perpetual inventory system. The company had the following inventory transactions in April: April 3 6 7 Purchased merchandise from Blue Spruce Ltd for $32,480, terms 1/30, FOB shipping point The appropriate company paid freight costs of $812 on the merchandise purchased on April 3. Purchased supplies on account for $5,800 Returned merchandise to Blue Spruce and received a credit of $4,060, The merchandise was returned to inventory for future resale. Pald the amount due to Blue Spruce in full 8 30 1 2 The cost of the merchandise sold on April 3 was $22,040, Blue Spruce expected a return rate of 15% The cost of the merchandise returned on April 8 was $2.668. Blue Spruce uses a perpetuat inventory system 3 Record the transactions in the books of Blue Spruce (List all deble entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Date Account Titles and Explanation Debit Credit Aur Inventory (To record credit sale) Apr 3 (To record cost of merchandise sold) (To record return of goods) (To record cost of merchandise returned) To record cost of merchandise sola I (To record return of goods) (To record cost of merchandise returned) eTextbook and Media Step by Step Solution
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