Question
Sales-Related and Purchase-Related Transactions for Buyer and Seller Using Periodic Inventory System Selected transactions during April between Swan Company and Bird Company are shown below.
Sales-Related and Purchase-Related Transactions for Buyer and Seller Using Periodic Inventory System
Selected transactions during April between Swan Company and Bird Company are shown below.
Required:
1. Journalize the entries to record the transactions for Swan Company, assuming that the company uses the periodic inventory system. For a compound transaction, if an amount box does not require an entry, leave it blank.
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2. Journalize the entries to record the transactions for Bird Company, assuming that the company uses the periodic inventory system. For a compound transaction, if an amount box does not require an entry, leave it blank.
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Financial Accounting International Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
6th Edition
978-0470623275
