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Question 3 of 5 < > 0.88/3 Assuming that Skysong uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment
Question 3 of 5 < > 0.88/3 Assuming that Skysong uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, eg. 6.578.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Feb. 1 Inventory Accounts Payable Feb. 4 Accounts Payable Sales Returns and Allowances Feb. 13 Accounts Payable Cash Purchase Discounts Lost eTextbook and Media Solution Feb. 11 Inventory [$9.700 ($9.700 x 0.10)] - $8,730 Feb. 4 Accounts Payable ($2,700 ($2.700 x 0.10)] $2,430 Feb. 13 Accounts Payable $8.730-$2,430 $6,300 Feb. 13 Inventory 0.03 $6,300 $189.00 Debit Credit 8,730 2,430 8,730 2,430 6,300 6,111 Assistance Used 189 Attempts: 3 of 3 used (b) Assuming that Skysong uses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, eg. 6,578.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit Assistance Used
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