1. Shaman Library uses a perpetual inventory system. During June, the following transactions and events occurred....

 

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1. Shaman Library uses a perpetual inventory system. During June, the following transactions and events occurred. June 13 Sold 15 Books at a cost of $45 each to Mary School, terms 2/10, n/30. The Books cost Shaman $20 each. June 16 Two defective Books were returned to Shaman. June 23 Received payment in full from Mary School. Instructions Journalize the June transactions for Shaman Library (seller) assuming that Shaman uses a perpetual inventory system? * (4 Points) Date DR...Account Name...... $$(Amount).....CRAccount Name......$$(Amount) Enter your answer 1. Shaman Library uses a perpetual inventory system. During June, the following transactions and events occurred. June 13 Sold 15 Books at a cost of $45 each to Mary School, terms 2/10, n/30. The Books cost Shaman $20 each. June 16 Two defective Books were returned to Shaman. June 23 Received payment in full from Mary School. Instructions Journalize the June transactions for Shaman Library (seller) assuming that Shaman uses a perpetual inventory system? * (4 Points) Date DR...Account Name...... $$(Amount).....CRAccount Name......$$(Amount) Enter your answer

Answer rating: 100% (QA)

June 13 Dr Account receivable 675 To Cr Sales 675 being good... View the full answer