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QUESTION 1 Sony Company had the following transactions in December Dec. 1 Sony purchased $18,000 merchandise inventory on account terms, 2/10, 130, FOB shipping point

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QUESTION 1 Sony Company had the following transactions in December Dec. 1 Sony purchased $18,000 merchandise inventory on account terms, 2/10, 130, FOB shipping point Dec. 5 Sony received $2,000 allowance on the merchandise purchased on Dec. 1 Dec. 8 Sony paid the invoice dated Dec 1, less allowance and discount. Required. Prepare journal entries for these 3 transactions assuming Sony uses a perpetual inventory system For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt , Avv I. P

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