Question: General Inventory purchase entry. Could you please do this in an excel sheet with detail explanation about the terms and fob how you calculate that.

General Inventory purchase entry. Could you please do this in an excel sheet with detail explanation about the terms and fob how you calculate that.

Assignment5 1) Sep1 Business sold $2400 inventory to ACE Inc., the cost is $600. Terms 2/5, n/15 FOB 2) Sep1 Business purchased $3600 of inventory from Westelm. Terms 1/10, n/20 FOB 3) Sep3 Business purchased $3000 of inventory from Citylight Inc. paid in cash 4) Sep6 Business Received ACE Inc's money. 5) Sep9 business purchased inventory $2700 from SilentSolar Ltd, Terms: 1/5, n/10, FOB 6 Sep 11 Business paid the Westelm in full. 7) Sep30 paid SilentSolar Ltd for the Sep9 purchase

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