Question: A & R Problem All - 1 The Williams Company sells a product called Mix - Right for $ 1 5 each and uses a
A & R Problem All
The Williams Company sells a product called MixRight for $ each and uses a perpetual inventory system to account for its merchandise. The beginning balance of MixRights and transactions during October were as follows:Required:Journalize the October transactions in the sales, purchases, and cash disbursements journals. Assume all sales and purchases are on credit; terms n Under the assumption that the company keeps its records on a weighted average basis, enter the beginning balances and post each transaction on an inventory subledger record. Posting to other subledgers is not required. Enter the transactions in the order provided in the question. Round final answers to decimal places. Negative answers should be indicated by a minus sign.
tableWILLIAMS COMPANYSate Account Debited,tableInvoiceNumbertableAR DrSales CrtableCOGS DrMerchandiseInventory CrOctKitchen Club,OctThorhild CoopOctBoyle Grocery,
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