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P QUESTION 3 Sony Company had the following transactions in December Dec. 2 Dec. 4 Sony purchased $150,000 merchandise inventory on account terms, 3/10, n/30,
P QUESTION 3 Sony Company had the following transactions in December Dec. 2 Dec. 4 Sony purchased $150,000 merchandise inventory on account terms, 3/10, n/30, FOB shipping point Sony returned $10,000 of the merchandise purchased on Dec. 2 because it was defective. Dec. 10 Sony paid the invoice dated Dec 2 less returns and discount. Required: Prepare journal entries for these 3 transactions assuming Sony uses a perpetual inventory system. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIVS Paragraph Arial 3 10pt EE 7 points IX Q SCEN DWORDS POWERED 6 points
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