Answered step by step
Verified Expert Solution
Question
1 Approved Answer
very urgent hi you all guys are so greate thankyou so much u always help me. Take me to the text On April 4, 2019,
very urgent hi you all guys are so greate thankyou so much u always help me.
Take me to the text On April 4, 2019, Food Wholesalers purchased $2,520 worth of dried fruit inventory plus $240 for freight charges on account. On April 15, Food Wholesalers sold all of the dried fruit inventory to Sorbets Grocers for $4,690 on account. As the bookkeeper for Food 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 Food Wholesalers on April 4 and 15 respectively. Record the sales transaction before the cost transaction. Prepare the journal entries for Food Wholesalers on April 4 and 15 respectively. Record the sales transaction before the cost transaction. Date Account Title and Explanation Debit Credit 2019 Apr 4 Purchased inventory on account Apr 15 = Made sales on account Apr 15 Record the cost of goods soldStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started