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What would be included in the Journal entries for a merchandiser that uses the perpetual inventory system to record the following sale on Jan 8th?
What would be included in the Journal entries for a merchandiser that uses the perpetual inventory system to record the following sale on Jan 8th? On January 8, inventory was sold for $7,000 on account. Credit terms were 2/15, n/30. Cost of Goods sold was $4,500. The customer paid for the purchase on Jan 30. 
What would be included in the Journal entries for a merchandiser that uses the perpetual inventory system to record the following sale on Jan 8 th? On January 8 , inventory was sold for $7,000 on account. Credit terms were 2/15,n/30. Cost of Goods sold was $4,500. The customer paid for the purchase on Jan 30
What would be included in the Journal entries for a merchandiser that uses the perpetual inventory system to record the following sale on Jan 8th? On January 8, inventory was sold for $7,000 on account. Credit terms were 2/15, n/30. Cost of Goods sold was $4,500. The customer paid for the purchase on Jan 30.
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