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Please help I don't have much time to submit Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Sold merchandise with
Please help I don't have much time to submit
Journalize each of the following transactions assuming a perpetual inventory system. Feb. 1 Sold merchandise with a cost of $2,400 for $3,900; terms 2/10,n/30, FOB destination. 2 Paid $315 to ship the merchandise sold on February 1 . 3 The customer of February 1 returned half of the amount purchased because it was the incorrect product; it was returned to inventory. 4 Sold merchandise to a customer for $3,000 (cost of sales $1,480 ); terms 2/10,n/30, FOB destination. 11 Collected the amount owing from the customer of February 1. 23 Sold merchandise to a customer for cash of $1,120 (cost of sales $640). 28 The customer of February 4 paid the amount owing. Journal entry worksheet 234567811 Record sale of merchandise for $3,900; terms 2/10,n/30,FOB destination. Note: Enter debits before credits Step by Step Solution
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