Using the information in E6 12 prepare journal entries to record
Using the information in E6-12, prepare journal entries to record the transactions, assuming Soli-tare uses a perpetual inventory system.
Info E6-12
Jan. 6 Sold goods for $ 100 to Wizard Inc. with terms 2/10, n/30. The goods cost Solitare $ 70.
6 Sold goods to Spyder Corp. for $ 80 with terms 2/10, n/30. The goods cost Solitare $ 60.
14 Collected cash due from Wizard Inc.
Feb. 2 Collected cash due from Spyder Corp.
28 Sold goods for $ 50 to Bridges with terms 2/10, n/45. The goods cost Solitare $ 30.
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