Question: Problem #2 (15 points) Washington Warehouse is a small retail business that specializes in the sale of top-or-the-line televisions. This year, the store has begun

$Problem \#2 (15 points) Washington Warehouse is a small retail business$

Problem \#2 (15 points) Washington Warehouse is a small retail business that specializes in the sale of top-or-the-line televisions. This year, the store has begun to carry the Flat TV manufactured by Bass Company. Thus far, Washington has recorded the following transactions involving the Flat TV: January 5 Purchased 8 Flat TVs - on account - at a unit cost of $1,400each. January 10 Sold 6 Flat TVs - on account - at a unit cost of $2,000 each. January 12 Paid Bass Company for the January 5 transaction above. Bass offered payment terms of 2/10,N/30. Plense prepare the four (you're welcome) journal entries for Washington Warehouse assuming they use a perpetual inventory system. For 3 extra credit points, please record the January 5 entry above assuming the neriodic inventory method. Problem \#2 (15 points) Washington Warehouse is a small retail business that specializes in the sale of top-or-the-line televisions. This year, the store has begun to carry the Flat TV manufactured by Bass Company. Thus far, Washington has recorded the following transactions involving the Flat TV: January 5 Purchased 8 Flat TVs - on account - at a unit cost of $1,400each. January 10 Sold 6 Flat TVs - on account - at a unit cost of $2,000 each. January 12 Paid Bass Company for the January 5 transaction above. Bass offered payment terms of 2/10,N/30. Plense prepare the four (you're welcome) journal entries for Washington Warehouse assuming they use a perpetual inventory system. For 3 extra credit points, please record the January 5 entry above assuming the neriodic inventory method

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