Question: Question 12 (15 points) Using the Perpetual Inventory System: Journalize the following 3 transactions as the Purchaser. June 10th Purchased $15,000 of merchandise on account

 Question 12 (15 points) Using the Perpetual Inventory System: Journalize the
following 3 transactions as the Purchaser. June 10th Purchased $15,000 of merchandise

Question 12 (15 points) Using the Perpetual Inventory System: Journalize the following 3 transactions as the Purchaser. June 10th Purchased $15,000 of merchandise on account from ABC Company Terms: 2/10,n/30 Returned $2,000 of merchandise purchased on June 10th June 15th June 18th Paid the full amount outstanding on the June 10th purchase Chapter 5 Home...docx Word-ResearchP....docx Word ResearchP....docx Question M Question 11 (15 points) The following data was gathered for use in reconciling the bank account of East Meets West Company Balance per bank February 28 $24,340 Balance per company records February 28m 31,100 Monthly Bank service charges 50 Deposit in Transit 8,210 Outstanding cheques 3,300 NSF cheque from Scott & Co. 1,800 What will be the "Adjusted Balance" of the Bank Balance and General Ledger Balance? Hint complete the Bank Reconciliation on scrap paper. (whole numbers only no comma's or $) A/ How many adjusting entries will East meets West Company be required to make? (whole numbers only) AJ

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