$11$

Required Information

L$006-03$ Analyze purchase transactions under a perpetual inventory system.

$[$The following intormotion applies to the questions disployed below$]$

In this module, you will learm how to analyze ond record inventory purchases, transportation, returns and allowances, and discounts. The liventory occount should include costs incurred to get inventory into a condition and location ready for sole. The cost of inventory includes its purchose price ond tronsportation minus cost reductions for purchase returns and allowances ond purchose discounts. Costs to deliver inventory to customers ore a selling expense ond ore not included in inventory.

Transportation Costs

Knowledge Check $01$

On April $10,$ Tyler Industries poid $$200$ cosh to a trucker who delivered the $$22,000$ of merchondise.

Prepore the apprepriate journal entry dated April $10.$

Note: If no entry is required for a transaction or event, select $"$No Journal Entry Required" in the first account field.

Journal entry worksheet

$1$

To record $$200$ payment to a trucker who delivered the $$22,000$ merchandise.

hate: Enter debits betore crecius, $----$ complete joirnal entey sheet as shown in IMAGE