Weygandt, Financial and Managerial, je Home Red, Study Practice INTRODUCTION TO ACCOUNTING (ACET 2001/2001) Assignment Greek ORTON Assement > Open Assignment ASSIGNMENT RESOURCES Chapter 5 Home De SOL Beds 502 Your newer is partially correct. Try again 05. Cena e- rebro On March 12, Pina Colada Corp. received the balance due from entered. Do not indet manually. If no entry Company Credit c "No Entry for the a re automaty d own e nd of the Account Titles and plation Cash SAKIT YOU woulde to Show Work for this question: Ann 2101) MESSAGE HY INSTRUCTOR Brief Exercise 5-04 a-c Prepare the journal entries to record the following transactions on Pina Colada Corp.'s books using a perpetual Inventory system FULL SCREEN NEXT Your answer is correct. On March 2, Pina Colada Corp. sold $889,000 of merchandise on account to Flint Company, terms 3/10, 1/30. The cost of the merchandise sold was $599,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter o for the amounts.) Account Titles and Explanation Credit Accounts Receivable 889000 2) JL 889000 Sales Revenue (To record credit sale) Cost of Goods Sold Inventory (To record cost of merchandise sold) 599000 SHOW LIST OF ACCOUNTS LINK TO TEX No 26 | 10 T U AJ OP