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Sony Company had the following transactions in December: Dec. 2 Dec. 4 Dec. 10 Sony purchased $300,000 merchandise inventory on account terms, 2/10, n/30, FOB

image text in transcribed Sony Company had the following transactions in December: Dec. 2 Dec. 4 Dec. 10 Sony purchased $300,000 merchandise inventory on account terms, 2/10, n/30, FOB shipping pe Sony returned $70,000 of the merchandise purchased on Dec. 2 because it was defective. Sony paid the invoice dated Dec 2 less returns and discount. Required: Prepare journal entries for these 3 transactions assuming Sony uses a perpetual inventory syste For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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