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no requirement of method Sep On September 1: Sunland Marine had an inventory of 21 boats at a cost of $2.100 each Sunland does not
no requirement of method
Sep On September 1: Sunland Marine had an inventory of 21 boats at a cost of $2.100 each Sunland does not expect any returns from sales of boats. The company uses a perpetual inventory system. During September the following transactions and events occurred 3 Purchased 41 boats at $2.100 eachi from Hilaide Fibreglass. The boats were shipped FOB destination terms/30. 3 The apropriate party cald the freight costs. & Received credit of $10.500 for the return of 5 boats purchased on September that were detective 7 Paid for the September 3 parthese 9 Sold 21 boats for $3.000 each to Billington Yacht Club on credit 13 Cash sale of 16 boats for $3000 each to Birch Island Ferry 21 Purchased 24 boats at $2.100 each from Johnson Supply terms n/30 On September 1, Sunland Marine had an inventory of 21 boats at a cost of $2100 each Sunland does not expect any returns from sales of boats. The company uses a perpetual inventory system During September, the following transactions and events occurred Sep 3 Purchased 41 boats at $2100 each from Helside Fibreplass. The boats were shipped FOB destination terms V30 3 The appropriate party paid the freight costs. 6 Received credit of $50.500 for the return of 5 boats purchased on September that were defective 7 Paid for the September 3 purchase 9 Sold 21 boats for $3.000 each to Bington Yacht Club on credit 13 Cash sale of 16 beats for $3,000 each to Birch Island Ferry 21 Purchased 24 beats at $2.100 eachfrom Johnson Supply teresa/30 Journalize the September transaction for Sunland Marine using a perpetual entoraten Creditoccountiese automatically indented when the amount ismer Domotindet man if no entry is id select "Me Entry for the account tides and enter for the amounts) Date Account Titles and Explanation Debit Credit (Toricord purchase of boats from Hillside Fiberglass) (To recond freight costs) Ta record of defecte bota) Step by Step Solution
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