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Vintage Treasures uses a perpetual inventory system Joumalize the following sales transactions for Vintage Teasures Explanations are not required. The company estimates sales tans
Vintage Treasures uses a perpetual inventory system Joumalize the following sales transactions for Vintage Teasures Explanations are not required. The company estimates sales tans at the end of each month Receed debis Best, then edits Exclude explanations from joamal entries Assume the company records sales at the net amount Round a numbers to the mean whole far) Click the icon to view the transaction) Jan 4 Sold $17.000 of antiques on account credit terms are 30 Cost of goods is $8.500 Begin try preparing the entry to joumalize the sale portion of the transaction. Do not record the expense related to the sale We will do that in the following sp Date Jan 4 Accounts Debit Credit
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