Question
Tamarisk Company uses a perpetual inventory system. Its beginning inventory consists of105units that cost $71each. During June, (1) the company purchased315units at $71each, (2) returned13units
Tamarisk Company uses a perpetual inventory system. Its beginning inventory consists of105units that cost $71each. During June, (1) the company purchased315units at $71each, (2) returned13units for credit, and (3) sold263units at $105each.
Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
1)
(2)
(3)
(To record sales)
(To record cost of goods sold)
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