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Question 2 [20 points) Given the following, prepare the entries that both the purchaser and seller should record for these transactions Assume both companies use

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Question 2 [20 points) Given the following, prepare the entries that both the purchaser and seller should record for these transactions Assume both companies use a perpetual inventory sys a January 11 Bentley Inc.'s merchandise that cost $5,610 was sold to Barton Corporation for $6,600 under credit terms of n/60, FOB shipping point. b. January 26 Barton Corporation paid Bentley Inc. the balance due Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format dd/mmm (e. January 15 would be 15 Please use the and buttons to change the number of accounts (if necessary) for each journal entry a) Barton Corporation b) Bentley Inc General Journal Account Explanation Page GJS F Debit Credit General Journal Account Explanation Page Gu5 F Debit Credit Date Date

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