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please aswear as soon as possiable. If passed 1 hour and 30 min just don't answear Prepare the journal entries to record the following transactions
please aswear as soon as possiable. If passed 1 hour and 30 min just don't answear
Prepare the journal entries to record the following transactions related to buying and selling inventory. Company A purchased 100 units of inventory for $250 each from Company B on account. DRI $ I CR $ Company A paid for the inventory DR $ CR $ Company A sold one of the units with 3 months of service as a bundle sale for $900 cash. The inventory is sold individually for $800 and the service is sold individually for $200. DR $ CR $ I CR GA $ DR $ CR $ Company A recorded one month of service provided to the customer from the bundle sale. DR $ CR $ Step by Step Solution
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