Question: Current Attempt in Progress Cullumber Corp. uses a perpetual inventory system. The company had the following inventory transactions in Aprit: April 3 Purchased merchandise from

 Current Attempt in Progress Cullumber Corp. uses a perpetual inventory system.

Current Attempt in Progress Cullumber Corp. uses a perpetual inventory system. The company had the following inventory transactions in Aprit: April 3 Purchased merchandise from Flint Ltd. for $27,000 terms 2/10,n/30, FOB shipping point 6 The appropriate compary paid fre git cests of $750 on the merchandise purchased on Apnil 3. 7 Purchased supplies on acoount for $4800. 8 Returned merchandise to Flint and received a credit of $4,200. The merchandise was returned to imentory for future resale. 30 Paid the amount due to Flint in full. Additionai information: 1. The cost of the merchandise sold on Aprif 3 was $18,400. 2. The cost of the merchandise retumed on A prit a was $2,700, 3. Flintuses a perpetual imventory system. Record the transactions in the books of Flint ICnedk cccount bides are oulsmabaaly indentrd when the cmant a mitered Do not indent presented in the probien Ust all debit entries befort ondit charis. Current Attempt in Progress Cullumber Corp. uses a perpetual inventory system. The company had the following inventory transactions in Aprit: April 3 Purchased merchandise from Flint Ltd. for $27,000 terms 2/10,n/30, FOB shipping point 6 The appropriate compary paid fre git cests of $750 on the merchandise purchased on Apnil 3. 7 Purchased supplies on acoount for $4800. 8 Returned merchandise to Flint and received a credit of $4,200. The merchandise was returned to imentory for future resale. 30 Paid the amount due to Flint in full. Additionai information: 1. The cost of the merchandise sold on Aprif 3 was $18,400. 2. The cost of the merchandise retumed on A prit a was $2,700, 3. Flintuses a perpetual imventory system. Record the transactions in the books of Flint ICnedk cccount bides are oulsmabaaly indentrd when the cmant a mitered Do not indent presented in the probien Ust all debit entries befort ondit charis

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