Refer to the transactions in E6-9.
In E 9
August 7 Pays $300 to Sure Shipping for freight charges associated with the August 6 purchase.
August 10 Returns to Game Girl five game devices that were defective.
August 14 Pays the full amount due to Game Girl.
August 23 Sells 30 game devices purchased on August 6 for $120 each to customers on account. The total cost of the 30 game devices sold is $3,170.
Required:
1. Record the transactions of DS Unlimited, assuming the company uses a periodic inventory system.
2. Record the period-end adjustment to cost of goods sold on August 31, assuming the company has no beginning inventory and ending inventory has a cost of $1,585