Question: Exercise 6-11A Record transactions using a perpetual system (LO6-5) DS Unlimited has the following transactions during August August 6 Purchases 70 handheld game devices on
Exercise 6-11A Record transactions using a perpetual system (LO6-5) DS Unlimited has the following transactions during August August 6 Purchases 70 handheld game devices on account from GameGirl, Inc., for $200 each, terms 1/10, n/60. August 7 Pays $400 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl nix game devices that were defective. August 14 Pays the full amount due to GameGiri. August 23 selle 50 game devices purchased on August 6 for $220 each to customers on account. The total cost of the 50 game devices sold & $10,212.50. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) No Date Credit Answer is complete but not entirely correct General Journal Debit Inventory 14,000.00 Accounts Payable 1 August 06 14,000.00 400.00 2 August 07 Inventory Cash >> 400.00 1,200.00 3 August 10 Accounts Payable Inventory 1,200.00 > 12,800.00 4 August 14 Accounts Payable Inventory Cash 128.00 12,672.00 11,000.00 5 August 23 Accounts Receivable Sales Revenue 11,000.00 10,213.00 X X 6 August 23 Cost of Goods Sold Inventory OO 10,213,00 X
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