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inventory handising GOLD MERCHANDISING COMPANYI Gold Merchandising Co. sells a wide range of products and uses perpetual inventory method. During April, the company engaged in
inventory handising
GOLD MERCHANDISING COMPANYI Gold Merchandising Co. sells a wide range of products and uses perpetual inventory method. During April, the company engaged in the following merchandising transactions. April April April April April April April April April 4 5 6 7 11 15 22 23 26 Purchased 20 Sony Model Dx DVD players from Hector Co. for cash, 2,000 (unit cost 100). Paid 200 for transportation. Purchased 7 Toshiba Model B notebooks from Hermes Co. on account, 7,000 totally. Returned one of the Toshiba Model B notebooks for being defective to Hermes Co. Sold 15 Sony Model Dx DVD players to Zeus Co. for 2,700 ( 180 each) on account. Sold 4 Toshiba Model B notebooks to Hera Co. for 6,000 ( 1,500 each) for cash and paid 100 for transportation. Purchased 12 Beko Model C TV sets from Apollon Co. for 14,400 ( 1,200 each) for cash and 240 for transportation was paid. Made payment to Hermes Co. Sold 10 Beko Model C TV sets for cash, 20,000 totally. Because of slight defects one of the Sony Model Dx DVD players was returned by Zeus Co. Prepare journal entries for each of the April transactions listed above.
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