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Super Shirt Wholesalers spent 315,000 to purchase 1.000 shirts from a shirt manufacturer as inventory. Blackstar Shirt Retailers purchased 1.000 shirts for $20,000 from Super

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Super Shirt Wholesalers spent 315,000 to purchase 1.000 shirts from a shirt manufacturer as inventory. Blackstar Shirt Retailers purchased 1.000 shirts for $20,000 from Super Shut Wholesalers on May 27,2019. Payment is due on June 27. Both companies use the perpetual inventory system, Dorot enter dollar.sigm or commes in the input boxes. Required a) Prepare the journal entry for Blackstar Shirt Retailers on May 27. Date Account Title and Explanation Debit Credit 2019 May 27 Purchased inventory b) Prepare the journal entries for Super Shirt Wholesalers on May 27. Record the revenue transaction first Date Account Title and Explanation Debit Credit 2019 May 27 2 Solo inventory. an account May 22 . Cost of goods sold for above sole

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