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QS 5-10Sale of merchandise transactionsperpetual LO3 Journalize each of the following transactions assuming a perpetual inventory system. Sept. 1 Sold merchandise to JenAir for $6.000
QS 5-10Sale of merchandise transactionsperpetual LO3 Journalize each of the following transactions assuming a perpetual inventory system. Sept. 1 Sold merchandise to JenAir for $6.000 (cost or sales $4,200); terms 2/10, 1/30. 14 Collected the amount owing regarding the September 1 sale to jenAir. 15 Sold merchandise costing $1.500 to Dennis Leval for $1,800; terms 2/10, 1/30. 25 Collected the amount owing from the September 15 sale to Dennis Leval, less the applicable discount
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