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Pass journal entries using the perpetual system of inventory- a) Purchased 1000 units of shoes from Indiana International @ $300 each on account b) Sold
Pass journal entries using the perpetual system of inventory-
a) Purchased 1000 units of shoes from Indiana International @ $300 each on account
b) Sold 200 units to Ceridian Corporation @ $500 each on account
c) Sold 500 units to Semed Inc. @ 550 each on cash
d) Paid cash in full to Indiana International
e) Purchased 800 units of shoes from CITS @ $450 each on cash
f) Sold 100 units to Deeman Corp @ $600 each on cash
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