Sonnys Spas, Inc. purchased $8,000 worth of inventory from the Pool Warehouse on account, terms of 2/10,
Question:
Journalize the following transactions, using (1) the perpetual system and (2) the periodic inventory system, for Sonny’s Spas, Inc. Explanations are not required.
a. Purchase of the goods
b. Return of the damaged goods
c. Payment for the goods within the discount period
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Perpetual Inventory System Journal DATE ACCOUNTS POST REF DR C...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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