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Please help as to what the journal entry should be .. Chapter 6 Homework omework Saved Help Save&Exit Submit Check my work tollowing transactions auring
Please help as to what the journal entry should be .. Chapter 6 Homework omework Saved Help Save&Exit Submit Check my work tollowing transactions auring the month Jan. 3 sold 30 units on account at a selling price of $19 per unit. 6 Bought 35 units on account at a cost of $10 per unit. 16 Sold 35 units on account at a selling price of $19 per unit 19 Sold 30 units on account at a selling price of $24 per unit 26 Bought 13 units on account at a cost of $10 per unit 31 Counted inventory and determined that 290 units were on hand. 2. Prepare the journal entries that would be recorded using a perpetual inventory system, including any "book-to-physical" adjustment that might be needed. Tip: Adjust for shrinkage by decreasing Inventory and increasing Cost of Goods Sold. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 5 At month end, counted inventory and determined that 13 units were on hand. Record the "book-to-physical adjustment
Please help as to what the journal entry should be ..
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