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Question 23 4 pts Question 2.3 LA Fashion uses the periodic inventory system. Record the journal entries required for the following three transactions (question 2.3
Question 23 4 pts Question 2.3 LA Fashion uses the periodic inventory system. Record the journal entries required for the following three transactions (question 2.3 -2.5): On 1 April 2021. Carin purchased 75 containers of shirts for $54,000 cash and also paid $500 transportation costs in cash related to this purchase. Record the journal entry for LA Fashion: [Select) 54,000 Select) V 54,000 [ Select ] [ Select) 500 Question 24 2 pts Use the information in question 2.3 (above) when answering question 2.4 (below). Question 2.4 On 10 April, LA Fashion determined that six containers of shirts have quality defects, which cost $7,500, so they were returned to the seller for a cash refund (recall that LA Fashion uses the periodic inventory system). Record the journal entry for LA Fashion: [ Select) 7,500 [Select] 7,500
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