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( Please finish asap i need this very soon thanks! Ill give it a thumbs up ) During its first year of operations, Tron Auto
Please finish asap i need this very soon thanks! Ill give it a thumbs up During its first year of operations, Tron Auto Dealership TAD:
bought vehicles from a manufacturer on account at a cost of $
returned $ of these vehicles to the manufacturer for credit on its account.
then sold $ of the remaining vehicles for cash at a selling price of $
One customer returned a vehicle to TAD for cash, which had been sold to the customer for $ The vehicle was in perfect condition, so it was put back into TAD's inventory at TAD's cost of $
Prepare journal entries to record these transactions, assuming TAD uses a perpetual inventory system.
Account
Debit
Credit
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