one question six small parts
Saved e swg enum w apes o e quessurs undyeu James Company began the month of October with inventory of $34,000 The following inventory transactions occurred during the month a. The company purchased merchandise on account for $50,500 on October 12 Terms of the purchase were 2/10, n/30 James uses the net method to record purchases. The merchandise was shipped fob shipping point and freight charges of $690 were paid in cash b. On October 31, James paid for the merchandise purchased on October 12 1 c During October merchandise costing $20,850 was sold on account for $31800 d. It was determined that inventory on hand at the end of October cost $63330 Required 1 Assuming that the James Company uses a perpetual inventory system, prepare jounal entries for the above transactions entry is required for a transection/event, select "No journal entry required" in the first account fleld) of no w ra Journal entry worksheet The company purchased merchandise on acount for $50,500 on October 12 Terms of the purchane were 2/10, /30 James uses the nat method to recond purchases s e det be e Dete General Jounal Debit Credit Otsber y 13 pae to search 16 3 5 6 7 8 ER T Seedl e y m s o sous uneye w James Company began the month of October with inventory of $34000 The following inventory transactions occured during the month a. The company purchased merchandise on account for $50.500 on October 12Terms of the purchase were 2/10, n/30 James uses the net method to record purchases. The merchandise was shipped fob shipping point and freight charges of $690 were paid in cash b. On October 31, James paid for the merchandise purchased on October 12 c. During October merchandise costing $20,850 was sold on account for $31,800 d.t was determined that inventory on hand at the end of October cost $63.330 Required 1 Assuming that the James Company uses a perpetual inventory system, prepare journal entries for the above transactions. (f no entry is required for a trensaction/event, select "No journel entry required in the first account field.) Vewt Journal entry worksheet The merchandse wan shipped fah shipping point and freight charge of se0 were paid in cash be des be ed Genl Jouma Cre D Debit Ocber Inventry 2 3of 5B Next ere to seanch 11 S 2 3 4 5 7 W E R Y U Seet sa uess nyeu eww ae James Company began the month of October with inventory of $34,000 The following inventory transactions occurred during the month a. The company purchased merchandise on account for $50,500 on October 12 Terms of the purchase were 2/10, n/30 James uses the net method to record purchases. The merchandise was shipped fob shipping point and freight charges of $690 were paid in cash b. On October 31 James paid for the merchandise purchased on October 12 c. During October merchandise costing $20,850 was sold on account for $31.800 d. It was determined that inventory on hand at the end of October cost $63.330 Required 1 Assuming that the James Company uses a perpetual inventory system prepare jounal entries for the above transactions (f no entry is required for a transection/event, select "No journal entry required" in the first account field) Vewtrnsaction Journal entry worksheet o seanch S % & 2. 3 5 7 E R U D [ 00 (e e es e qess nye w James Company began the month of October with inventory of $34,000 The following inventory transactions occurred during the month a The company purchased merchandise on account for $50,500 on October 12 Terms of the purchase were 2/10, 0/30 James uses the net method to record purchases The merchandise was shipped fob shipping point and freight charges of $690 were paid in cash b. On October 31 James paid for the merchandise purchased on October 12 c. Duing October merchandise costing $20 850 was sold on account for $31800 d.t was determined that inventory on hand at the end of October cost $63,330 Required 1 Assuming that the James Company uses a perpetual inventory system, prepare jounal entries for the above transactions (f no entry is required for a transection/event, select "No journal entry required" in the first account field) Vewtr Journal entry worksheet
