Question: NEED HELP WORKING THIS OUT! Using a perpetual inventory system, record the June and July transactions in the General Journal. Retailing Chinchilla Retailers sells designer

NEED HELP WORKING THIS OUT!

Using a perpetual inventory system, record the June and July transactions in the General Journal.

NEED HELP WORKING THIS OUT! Using a perpetual inventory system, record the

Retailing Chinchilla Retailers sells designer cat cages. The following transactions occurred during the months of June and July, 20x7 GST is 10%. Purchased 80 cages for $90 each plus GST, on credit. Returned 9 cages to the supplier. Sold 32 cages for $130 each plus GST, on credit. Purchased office supplies for $275 (including GST), and paid in cash A customer returned 5 of the cages sold on 5 June. Sold 15 cages for $130 each plus GST, on credit. The physical inventory stocktake at the end of the month consisted of 3 fewer cages than the inventory account balance. June 1 2 5 7 10 11 15 Chinchilla sold cages for a total of $780 plus GST, terms 2/10, n/30. The customer returned cages worth $66 (including GST) The customer paid the amount due. July 1 5 6

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