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Question 3C: The following transactions occurred in March 2019 but have yet to be recorded in the general journal of Bert Limited, Bert Limited uses

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Question 3C: The following transactions occurred in March 2019 but have yet to be recorded in the general journal of Bert Limited, Bert Limited uses a perpetual inventory system. It does not account for GST 2. On March 2, 2019 Panther Pty Ltd sold 5945,000 of inventory to Bert Limited terms 4/10, 1/30. The cost of the inventory sold wins $560,000 d. On March 6, 2019, Bert Limited returned $119,000 of inventory that had been purchased on March 2 The cost of the inventory returned was $67, 500 On March 12, 2019. Bert Limited paid the balance outstanding on their account to Panther Pty Ltd Bert Limited Charts of Account (s) include Inventory, Accounts Payable - Panther Pty Ltd, Cash at Bank and Discount Received Required: Record the above transactions in the general journal of Bert Limited (7 marks). Layout References Mailings Review View Help from the Internet can contain vises. Unless you need to edit it's sales to stay in Protected View Enable Editing Bert Limited Bert Limited General Journal Particulars Debit Credit Date March 2 To record the purchase of inventory on account 6 To record the return of inventory purchased on account 12. To record payment of account

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