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number 5 please 2 John's Specialty Store uses a periodic inventory system. The following are some inventory transactions for the 1. John's purchased merchandise on
number 5 please
2 John's Specialty Store uses a periodic inventory system. The following are some inventory transactions for the 1. John's purchased merchandise on account for $6,600. Freight charges of $1,100 were paid in cash. 2. John's returned some of the merchandise purchased in (1). The cost of the merchandise was $1,400 and Joh credited by the supplier. 3. Merchandise costing $3,600 was sold for $6,800 in cash. 2 points eBook Hint Required: Prepare the necessary journal entries to record these transactions. (If no entry is required for a transaction/ev entry required" in the first account field.) Print References View transaction list Journal entry worksheet Record the cost of goods sold for $3,600. Note: Enter debits before credits. General Journal Debit Transaction b CreditStep by Step Solution
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