Question: Periodic inventory system. Please help me with last journal entry. DS Unlimited has the following transactions during August. August 6 Purchases 70 handheld game devices

 Periodic inventory system. Please help me with last journal entry. DS

Periodic inventory system. Please help me with last journal entry.

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 $480 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl six game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 50 game devices purchased on August 6 for $220 each to customers on account. The total cost of the 50 game devices sold is $10,212.50. Exercise 6-19A Part 1 Required: 1. Record the transactions of DS Unlimited, assuming the company uses a periodic inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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