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record the preceding transactions in a general journal Instructions Puzzle Maze Company sells games and puzzles. The company uses a perpetual inventory system and had
record the preceding transactions in a general journal
Instructions Puzzle Maze Company sells games and puzzles. The company uses a perpetual inventory system and had the following transactions during April. 1 Paid $12,000 in advance for rent for the upcoming six months. 3 Purchased supplies for the office, paying $1,560 cash. Sold merchandise for $3.450 cash and for $1,240 on account. The cost of inventory sold was $2,345. 8 Purchased $2.345 of inventory on account. Paid wages of $2.367. The wages had not been previously accrued. 16 Sold merchandise for $1.246 cash. The cost of inventory sold was $6,230. Paid the April 8 invoice on account. 26 Paid $256 for utilities and $175 for internet access. 29 Purchased advertising three months, starting May 1, for $650 on account. per 30 Sold merchandise for $2.450 cash and for $3,240 on account. The cost of sold was $2.845Step by Step Solution
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