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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 70 handheld game
Required information [The following information applies to the questions displayed below.) DS Unlimited has the following transactions during August. August 6 Purchases 70 handheld game devices on account from GameGirl, Inc., for $200 each, terms 1/10, n/60. August 7 Pays $400 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl six game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 50 game devices purchased on August 6 for $220 each to customers on account. The total cost of the 50 game devices sold is $10,212.50. 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 $2,859.50. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record period-end adjustment. Note: Enter debits before credits. Date Debit Credit August 31 General Journal Cost of Goods Sold Inventory (ending) Purchase Returns Purchase Discounts Purchases Freight-In
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