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[The following information applies to the questions displayed below] Company A has the following transactions during August August 6 Purchases 64 handheld game devices
[The following information applies to the questions displayed below] Company A has the following transactions during August August 6 Purchases 64 handheld game devices on account from Company B for $270 each, terms 2/10, n/60. August 7 Pays $470 to Company C for freight charges associated with the August 6 purchase. August 18 Returns to Company B nine game devices that were defective. August 14 Pays the full amount due to Company B. August 23 Sells 64 game devices purchased on August 6 for $298 each to customers on account. The total cost of the 64 game devices sold is $17,335.00. 2. Record the period-end adjustment to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $2,980 (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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