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Page 362 QS 56 Merchandise purchase transactions-perpetual 03 Joumalize each of the following transactions assuming a perpetual inventory system. May Purchased $1.200 of merchandise levertory:

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Page 362 QS 56 Merchandise purchase transactions-perpetual 03 Joumalize each of the following transactions assuming a perpetual inventory system. May Purchased $1.200 of merchandise levertory: terms 1/10, 0:30 14 Paid for the May I purchase 15 Purchased $3.000 of merchandise inventory: terms 2/15, 1/30 30 Paid for the May 15 purchase. less the applicable discount

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