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Pets Unlimited sells pet supplies to retailers. The company uses a perpetual inventory. Journalize the following transactions for the company: June 1 Sold merchandise for

Pets Unlimited sells pet supplies to retailers. The company uses a perpetual inventory. Journalize the following transactions for the company:

June

1

Sold merchandise for $6,250 with terms 2/10, n/30. Inventory cost was $5,000.

5

Sold merchandise for $10,000 with terms 3/10, n/30. Inventory cost was $6,000.

11

Received a check from the customer paying the balance due within the discount period.

Date

Account Title

Debit

Credit

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