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QS 5-10 Sale of merchandise transactions perpetual LO3 Journalize each of the following transactions assuming a perpetual inventory system. Sept 1 Sold merchandise to JonAlt

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QS 5-10 Sale of merchandise transactions perpetual LO3 Journalize each of the following transactions assuming a perpetual inventory system. Sept 1 Sold merchandise to JonAlt for $6,000 (Cost of salos $4.2005: terms 2/10, 1/30. 14 Collected the amount owing togarding the Soprombor 1 saloto Jon 15 Sold merchandise costing $1,500 to Dennis Loval for $1.800; torms 2/10, 1/30 25 Collectod the amount owing from the September 15 saloto Dennis Laval, loss the applicable discount

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