part b)

Prepare the journal entries to record the purchase transactions on the books of Mos Motors using a periodic inventory system.

(b) Prepare the journal entries to record the purchase transactions on the books of Mo's Motors using a periodic inventory system. (Credite automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "Wo Entry for tise enter for the amounts.) Date Account Titles and Explanation Debit Credit LINK TO TEXT Mo's Motors had the following purchase transactions in December: Dec. 4 Purchased $12,900 of merchandise on account from Engine Central, terms 4/15, net 30. 7 Mo returned $1,400 of merchandise because he changed his mind and wanted to order a different type of engin 16 Mo paid the balance owing to Engine Central. Your answer is correct. Prepare the journal entries to record the purchase transactions on the books of Mo's Motors using a perpetual inventory system automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No En enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 4 Merchandise Inventory 12900 Accounts Payable 12900 Dec. 7 Accounts Payable 1400 Merchandise Inventory 1400 Dec. 16 Accounts Payable 11500 Cash 11,040 Merchandise Inventory 460