Question

The JAB Company uses the perpetual inventory system with a subsidiary ledger for inventory. Journalize and post the preceding transactions (exercise 15B-2) using a two-column journal and T accounts.
In Exercise 15B-2
201X
Nov. 5 Purchased 13 units at a cost of $10 each. (Inventory on hand prior to this purchase was zero units.)
6 Sold 2 units for $16.00 each.
7 Sold 10 units for $15.80.
10 Purchased 19 additional units at a cost of $10 each.



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  • CreatedApril 24, 2014
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