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On September 4, Wildhorse Knickknacks buys merchandise on account from Ayayai Supply Company. The selling price of the goods is $3,000 and the cost of
On September 4, Wildhorse Knickknacks buys merchandise on account from Ayayai Supply Company. The selling price of the goods is $3,000 and the cost of goods is $1,900. Both companies use the perpetual inventory systems. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entries before credit entries.) 1. Journalize the transactions on the books of Wildhorse Knickknacks. 2. Journalize the transactions on the books of Ayayai Supply Company
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