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Your answer is partially correct. Try again Vaughn Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each.
Your answer is partially correct. Try again Vaughn Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each. During June, (1) the company purchased 248 units at $56 each, (2) returned 10 units for credit, and (3) sold 206 units at $83 each Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit nventor 3,888 ccounts Payabl 3,888 2) TAccounts Payab nventor (3) Accounts Receivabl ales Revenue (To record sales) 7098 7098 ost of Goods Sold nventor (To record cost of goods sold)
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