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Sarasota Ltd. had beginning inventory of 55 units that cost $100 each. During September, the company purchased 208 units on account at $100 each, returned
Sarasota Ltd. had beginning inventory of 55 units that cost $100 each. During September, the company purchased 208 units on account at $100 each, returned 9 units for credit, and sold on account 157 units at $201 each. Question 4 of 10 3.33/15 ! Inventory Accounts Payable (To record purchase on account) Inventory \begin{tabular}{|l||} \hline 900 \\ \hline \end{tabular} Accounts Payable \begin{tabular}{||c||} \hline \hline 900 \\ \hline \hline \end{tabular} (To record purchase return) Accounts Receivable 31557 Sales Revenue 31557 (To record sales on account) Cost of Goods Sold \begin{tabular}{||c||} \hline \hline 25400 \\ \hline \hline \end{tabular} Inventory \begin{tabular}{||c||} \hline \hline 25400 \\ \hline \hline \end{tabular} (To record cost of goods sold)
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