Help I System Announcements (1 Unread) CALCULATOR PRINTER VERSION : BACK NEXT Brief Exercise 8-2 Indigo Company uses a perpetual inventory system. Its beginning inventory consists of 78 units that cost $53 each. During June, (1) the company purchased 233 units at $53 each, (2) returned 9 units for credit, and (3) sold 194 units at $78 each. i Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically Indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 6K (To record sales) To record cost of goods sold) SHOW LIST OF ACCOUNTS LINK TO TEXT 24 Return to Blackboard Kieso, Intermediate Accounting, 16e Help I System Announcements (1 Unread) CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 8-3 Pearl Company took a physical inventory on December 31 and determined that goods costing $191,500 were on hand. Not included in the physical count were $24,510 of goods purchased from Pelzer Corporation, f..b. shipping point, and $21,620 of goods sold to Alvarez Company for $29,090, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Pearl report as its December 31 inventory? December 31 inventorys LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER 24