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on 2 Using the data set below relating to a periodic inventory system, what entries are made on April 6 and April 12? No specific
on 2 Using the data set below relating to a periodic inventory system, what entries are made on April 6 and April 12? No specific cost flow method is assumed. Date Event Amount 1-Apr Beginning inventory 1,000 2-Apr Sales on account (cost 8,000) 12,000 6-Apr Inventory purchases 2/10, n/30 8,000 10-Apr Inventory returns 1,000 12-Apr Freight paid 13-Apr Payments on account 2,500 30-Apr Actual Inventory count 2,500 600
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