(L. OBJ. 2) Journalizing purchase transactions—perpetual inventory [10 min]
Refer to the funhouse facts in Short Exercise 5-2.
Requirements
1. Journalize the following transactions. Explanations are not required.
a. Purchase of the goods on July 8, 2011.
b. Return of the damaged goods on July 12, 2011.
c. Payment on July 15, 2011.
2. In the final analysis, how much did the inventory Cost Funhouse?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.