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Take me to the text On October 7, 2019, Grocery Wholesalers purchased $2,290 worth of dried fruit inventory plus $260 for freight charges on
Take me to the text On October 7, 2019, Grocery Wholesalers purchased $2,290 worth of dried fruit inventory plus $260 for freight charges on account. On October 17, Grocery Wholesalers sold all of the dried fruit intory to Retail Grocers for $4,840 on account. As the bookkeeper for Grocery Wholesalers, journalize the transactions using the perpetual Inventory system Do not enter dollar signs or commas in the input boxes. For the sale of inventory transactions. enter the revenue transaction first Required Prepare the journal entries for Grocery Wholesalers on October 7 and 17 respectively. Record the sales transaction before the cost transaction. Date Account Title and Explanation 2019 Oct 7 Debit Credit Purchased inventory on account Oct 17 Oct 17 Check Made sales on account 0 Record the cost of goods sold
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