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please slove it in text Crystal-Clear Company uses a perpetual inventory system. During the month of June, tho following transactions and events occurred.(CLO 5) June
please slove it in text
Crystal-Clear Company uses a perpetual inventory system. During the month of June, tho following transactions and events occurred.(CLO 5) June 2. Purchased $18,000 merchandise from Sunset Co. terms 2/10, 1/30, os shipping point. The appropriate party made a cash payment of $500 for delivery. June 4. Returned $2,000 of merchandise to Sunset Co. purchased on June 2 that was detective June 9. Sold $12,000 of merchandise to Ramah Inc. at a cost of $9,000, terms 1/10, 6/45, FOB shipping point. The appropriate party made a cash payment of $500 for delivery June 11. Paid Sunset Co the amount due cash June 13. Ramah Inc. returned $1,000 of merchandise at a cost of $700. June 25. Ramah Inc, paid the amount due for the merchandise. Required: Record the above merchandising transactions in the books of Crystal Clear Company Paragraph JOURNAL Step by Step Solution
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