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Select Apparel purchased 90 new shirts and recorded a total cost of $2,258 determined as follows: Invoice cost Shipping charges Import taxes and duties Interest
Select Apparel purchased 90 new shirts and recorded a total cost of $2,258 determined as follows: Invoice cost Shipping charges Import taxes and duties Interest (6.0%) on $1,800 borrowed to finance the purchase S 1,800 185 165 108 $ 2,258 Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the correct total cost of the purchase, assuming a perpetual inventory system Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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