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On December 1 , Jaycee's Store had an inventory of 20 microwaves at a cost of $210 each. During the month of December, the following

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On December 1 , Jaycee's Store had an inventory of 20 microwaves at a cost of $210 each. During the month of December, the following transactions occurred. Dec. 7 Sold 5 microwaves to Suzi for $400 each, terms 2/10,n/30. 13 Accepted the return of one microwave from Suzi 14 Received payment in full from Suzi, who took the discount. Instructions Prepare the journal entries for Jaycee's Store to record the transactions assuming the company uses a perpetual inventory system

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