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Required information [The following information applies to the questions displayed below.) DS Unlimited has the following transactions during August. August 6 Purchases 60 handheld game
Required information [The following information applies to the questions displayed below.) DS Unlimited has the following transactions during August. August 6 Purchases 60 handheld game devices on account from GameGirl, Inc., for $150 each, terms 3/10, n/60. August 7 Pays $350 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl four game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 40 game devices purchased on August 6 for $170 each to customers on account. The total cost of the 40 game devices sold is $6,070.00. 2. Record the period-end adjustment to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $2,428. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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