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Why is 8 167.50 not 8,250 1. Bargain Wholesalers sells pet supplies to retailers including Pet World Supplies. Bargain Wh uses a perpetual inventory. Journalize

Why is 8 167.50 not 8,250

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1. Bargain Wholesalers sells pet supplies to retailers including Pet World Supplies. Bargain Wh uses a perpetual inventory. Journalize the following transactions: MayBargain Wholesalers sells inventory to Pet World Supplies for $8,250 with terms 4 11'10, nl'30. The cost of the merchandise is $5,755. 7Bargain Wholesalers sells an additional $10,985 in inventory to Pet World Supplies with terms 1/ 10, n/BO. The cost of the merchandise is $6,925. 13Bargain Wholesalers receives a check from Pet World Supplies paying the balance due on both invoices. Emumamm - Merchandise Inventory _ 5,755 A/R Pet World Supplies 10,875.15 - Cost od merchandise sold 6,925 _ - AIR Pet world supplies _ 19,042.65

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