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Prepare the entries to record the following transactions on the books of Saidlaw Corporation using the perpetual inventory method. June 1 Purchase $12,000 of inventory

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Prepare the entries to record the following transactions on the books of Saidlaw Corporation using the perpetual inventory method. June 1 Purchase $12,000 of inventory on account. (2 point) June 4 Pay S750 freight for the delivery of the goods purchased on June 1 (2 points) June 6 Sell Inventory for $25,000 cash. The inventory sold cost $15.000 (4 points) June 9 Pay for the inventory purchased on June 1 (3 points)

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