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Zen World Gift Shop uses a perpetual inventory system. Journalize the following transactions for Zen World Gift Shop. Explanations are not required. (Record debits
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 amount. Round all numbers to the nearest whole dollar.) (Click the icon to view the transactions.) Feb. 3: Purchased $3,000 of merchandise inventory on account under terms 1/10, n/EOM and FOB shipping point. Date Feb. 3 Accounts Debit Credit
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