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Sony Company had the following transactions in December: Dec. 1 Dec. 5 Sony purchased $18,000 merchandise inventory on account terms, 2/10, n/30, FOB shipping point

Sony Company had the following transactions in December: Dec. 1 Dec. 5 Sony purchased $18,000 merchandise inventory on account terms, 2/10, n/30, FOB shipping point Sony received $2,000 allowance on the merchandise purchased on Dec. 1. Dec. 8 Sony paid the invoice dated Dec 1, less allowance and discount. BIUS Paragraph Required Prepare journal entries for these 3 transactions assuming Sony uses a perpetual inventory system For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Arial V 10pt E A L I K

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