Question: Question 2 [20 points] son Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies

Question 2 [20 points] son Given the following, prepare the entries that both the purchaser and seller should record for these transactions. Assume both companies use a perpetual inventory system a February 12: Bentley Inc sold merchandise to Zcom Inc. for $7,700 under credit terms of 2/15, 160, FOB shipping point. The merchandise had cost $6, 160 b. February 27 Zcom Inc paid Bentley Inc. the balance due Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format dd/mmm (e. January 15 would be 15/Jan) Please use the * and button to change the number of accounts (if necessary) for each journal entry a) Zcom Inc b) Bentley Inc General Journal 0 Account Explanation 12/Feb Investment in Bonds Page GUB F Debt Credit General Joum Account Explanation Page Bus F Debit Credit Dale + L + - Are exan Search O ENG 9:57 AM 38C Hare

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