Assisements Chapter 5 assignment-for marks @ Chapter 5 assignment - for marks = Th. May 21, 2000, 2010AM - -14 Question 10 View Polides Current Attempt in Progress On August 24 Ayayal Corporation purchased inventory on account from Whispering Winds Inc. The selling price of the goods is $29.00 and the cost of goods sold is $14.400 Both companies use perpetual inventory systems. Record the above transactions on the books of both companies om den auton till dented when the amounts entered Do not indent mentry required, select "No Entry for the accounts and enter for the amounts) Ayayal Corporation (Buyers Date Account Titles and Explanation Debit Credit Aug. 24 ag (Purchase of merchandise on account) Whispering Winds Inc (Sellers Date Account Titles and Explanation Debit Credit Aug. 24 O 9 * N o w 7:00 PM 21/05/ ark x wplus.com/courses/38929/assignments/5127040 QUESLIUI IU View Polides Current Attempt in Progress On August 24. Ayayal Corporation purchased inventory on account from Whispering Winds Inc. The selling price of the goods is $29.500 and the cost of goods sold is $14.00. Both companies use perpetual inventory systems. Record the above transactions on the books of both companies (Credit accounts are automatically indented when the amount hentered. Do not indent money no entry is required, select "No Entry for the account titles and enter for the amounts) Ayayal Corporation (Buyer): Date Account Titles and Explanation Debit Credit Aug. 24 ang (Purchase of merchandise on account) Whispering Winds Inc (Seller: Date Account Titles and Explanation Debit Credit Aug. 24 (Sale of merchandise) 24 (Cost of goods sold recorded) op N P W P ? 2V