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Tree Seedlings has the following current-year purchases and sales for its only product. Activities Date January 1 January 3 February 14 February 15 June
Tree Seedlings has the following current-year purchases and sales for its only product. Activities Date January 1 January 3 February 14 February 15 June 30 November 6 November 19 Sales Purchase Sales Sales Beginning inventory Units Acquired at Cost 40 units $2 - Units Sold at Retail $ 80 30 units 4 58 Purchase 90 units 70 units $3- $4-> $ 210 60 units 8 $8 Purchase Totals 20 units 220 units @ $5-> $ 360 $ 100 $ 750 86 units 4 58 176 units Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company us perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list Journal entry worksheet < 2 3 4 5 6 7 8 9 Record the sale of goods. Note: Enter debits before credits. Date January 03 General Journal Debit Credit < Prev 6 of 6 Next
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