On December 6, 2019, Grocery Wholesalers purchased $2,310 worth of dried fruit inventory plus $180 for freight charges on account. On December 15, Grocery Wholesalers sold all of the dried fruit inventory to Retail Grocers for $4,930 on account. As the bookkeeper for Grocery Wholesalers, journalize the transactions using the perpetual inventory system.

Prepare the journal entries for Grocery Wholesalers on December 6 and 15 respectively. Record the sales transaction before the cost transaction.

Answer rating: 100% (QA)

December 6 2019 Inventory Account Dr 231000Account... View the full answer