Zen World Gift Shop uses a perpetual inventory system. Journalize the following transactions for Zen World Gift Shop. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net pmount. Round all numbers to the nearest whole dollar) Click the icon to view the transactions.) Feb. 3: Purchased $3,100 of merchandise inventory on account under terms 1/10,n/EOM and FOB shipping point. Date Accounts Debit Credit Feb. 3 Feb. 7: Returned $800 of defective merchandise purchased on February 3, Date Accounts Debit Credit Feb. 7 Chance from any llet or enter any number in the input fields and then continue to the next question Zen World Gift Shop uses a perpetual inventory system. Joumalize the following transactions for Zen World Gift Shop. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar.) Click the icon to view the transactions.) Feb. 9: Paid freight bill of $200 on February 3 purchase. Date Accounts Debit Credit Feb. 9 Feb. 10: Sold merchandise inventory on account for $4,500. Payment terms were 3/15, n/30. These goods cost the company $2,250. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Choose from any list or enter any number in the input fields and then continue to the next question. Zen World Gift Shop uses a perpetual inventory system. Joumalize the following transactions for Zen World Gift Shop. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar.) Click the icon to view the transactions.) Now journalize the expense related to the February 10 saleCost of goods, $2,250. Date Accounts Debit Credit Feb. 10 Feb. 12: Paid amount owed on credit purchase of February 3, less the return and the discount Date Accounts Debit Credit Feb. 12 Choose from any list or enter any number in the input fields and then continue to the next question Zen World Gift Shop uses a perpetual inventory system. Joumalize the following transactions for Zen World Gift Shop. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all numbers to the nearest whole dollar.) Click the icon to view the transactions.) Feb. 12 Feb. 28: Received cash from February 10 customer in full settlement of their debt. Date Accounts Debit Credit Feb. 28 * More Info Feb. 3 Purchased $3,100 of merchandise inventory on account under terms 1/10, n/EOM and FOB shipping point. 7 Returned $800 of defective merchandise purchased on February 3. 9 Paid freight bill of $200 on February 3 purchase. 10 Sold merchandise inventory on account for $4,500. Payment terms were 3/15, n/30. These goods cost the company $2,250. 12 Paid amount owed on credit purchase of February 3, less the return and the discount. 28 Received cash from February 10 customer in full settlement of their debt. Print Done thandrita
