Question 2 of 4 0.5/1 point, terms rungu. Hverdea pays the Tregnt COSES OR 40 on June LOCOs tocaning you are returned to whispering winas for credit on June 12. On June 19, Riverbed pays Whispering Winds Company in full less the discount. Both companies use a perpetual inventory system. (a) Your answer is correct. Prepare separate entries for each transaction on the books of Riverbed Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit June 10 Inventory $7300 Accounts Payable June 117 Inventory Cash June 12 V Accounts Payable $600 Inventory June 19 Accounts Payable $6700 Inventory Cash eTextbook and Media Assistance Used List of Accounts Assistance Used Attempts: 1 of 3 used (b) Prepare separate entries for each transaction for Whispering Winds Company. The merchandise purchased by Riverbed on June 10 cost Whispering Winds $4.500, and the goods returned cost Whispering Winds $250. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit (To record credit sale) (To record cost of merchandise sald) > (To record merchandise returned) > (To record cost of merchandise returned) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Anwer Question 2 of 4 0.5/1 point, terms rungu. Hverdea pays the Tregnt COSES OR 40 on June LOCOs tocaning you are returned to whispering winas for credit on June 12. On June 19, Riverbed pays Whispering Winds Company in full less the discount. Both companies use a perpetual inventory system. (a) Your answer is correct. Prepare separate entries for each transaction on the books of Riverbed Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit June 10 Inventory $7300 Accounts Payable June 117 Inventory Cash June 12 V Accounts Payable $600 Inventory June 19 Accounts Payable $6700 Inventory Cash eTextbook and Media Assistance Used List of Accounts Assistance Used Attempts: 1 of 3 used (b) Prepare separate entries for each transaction for Whispering Winds Company. The merchandise purchased by Riverbed on June 10 cost Whispering Winds $4.500, and the goods returned cost Whispering Winds $250. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit (To record credit sale) (To record cost of merchandise sald) > (To record merchandise returned) > (To record cost of merchandise returned) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Anwer
