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QUESTION 2 7 points Sony Company had the following transactions in December Dec. 2 Sony purchased $300,000 merchandise inventory on account terms, 210,0/30, FOB shipping
QUESTION 2 7 points Sony Company had the following transactions in December Dec. 2 Sony purchased $300,000 merchandise inventory on account terms, 210,0/30, FOB shipping point, Dec 4 Sony returned $70,000 of the merchandise purchased on Dec 2 because it was detective Dec 10 Sony paid the invoice dated Dec 2 less returns and discount Required. Prepare journal entries for these 3 transactions assuming Sony uses a perpetual Inventory system
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