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what are entries made on April 2nd and April 10th (percepual inventory system) 600 Using the data sot balow relating to a perpetual inventory system,
what are entries made on April 2nd and April 10th (percepual inventory system)
600 Using the data sot balow relating to a perpetual inventory system, what entries are made on April 2 and April 107 No specific cost flow method is assumed Date Event Amount 1.Apr Beginning inventory 1,000 2.Apr Sales on account cost 8,000) 12 000 6.Apr Inventory purchases 2/10, 1/30 8.000 10-Apr inventory returns 1.000 12.Apr Freight paid 13-Apr Payments on account 2.500 30-Apr Actual Inventory count 2,500 Debid Credit 42 Accounts receivable 12.000 Salos 12000 Cost of goods sold 8.000 Inventory 3.000 4/10 Accounts payablo 1,000 Inventory 1.000 Debit Credit 412 Accounts receivable 12,000 Sales 12.000 4/10 Accounts payable 1,000 Inventory 1.000 . Dobil Credit 42 Accounts receivable 12000 Sales 12,000 Cost of goods sold 8.000 Purchase 8.000 410 Accounts payable Purchases 11,000 1.000 Credit 4/2 Dobit 12.000 Accounts receivabile Savos Accounts payable Purchases 12.000 4110 1.000 1.000 5 Step by Step Solution
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