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On January 2, 2019, Food-N-Stuff Wholesalers purchased $2.650 worth of dried fruit inventory phun 280 for freight charges on account. On January 23, Food-N-Stuff Wholesalers
On January 2, 2019, Food-N-Stuff Wholesalers purchased $2.650 worth of dried fruit inventory phun 280 for freight charges on account. On January 23, Food-N-Stuff Wholesalers sold all of the dried fruit inventory to Sorbets Grocers for $4,490 on account. As the bookkeeper for Food-N-Stuff Wholesalers, journalize the transactions using the perpetual inventory system Do not enter dollar signs or commas in the ingut box. For the sale of drventory actions enter the revenue transaction first. Required Prepare the journal entries for Food-N-Stuff Wholesalers on January 3 and 23 respectively Record the sales transaction before the cost transaction Date Account Title and Explanation Debit Credit 2019 Jan 3 . Purchased inventory on account Jan 23 Made sales on account Jan 23 Record the cost of goods sold
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