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please help with this Polk Company uses a perpetual inventory system under the gross method and had the following transactions during November November 6-Purchased $8.700
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Polk Company uses a perpetual inventory system under the gross method and had the following transactions during November November 6-Purchased $8.700 of inventory on account, tem 2/10, 1/30 November -Roturned $1200 of defective units and received full credit November 15-Poid the amount due What jouma entry will be recorded by Polk Company on November 6? | | |H CHI I Debit Cost of Goods Sild and cred Accounts Payable for $8.50 Debt rwantory and credit Accounts Payable for $4 700 Detit Purches and credit Accounts Payable for 56700 Debit rentowy credit Accounts Payable - $8.50 Step by Step Solution
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