Question: Question 2 (50 points, 10 points each) On January 1, Green Palms Company had an inventory of 15 backpacks at a cost of $20 During

 Question 2 (50 points, 10 points each) On January 1, Green
Palms Company had an inventory of 15 backpacks at a cost of

Question 2 (50 points, 10 points each) On January 1, Green Palms Company had an inventory of 15 backpacks at a cost of $20 During January, the following transactions and events occurred. Jan. 4Purchased 150 backpacks at $20 each from Red Berries Cop., terms 2/10, n/30. Jan. 6Received credit of $200 for the return of 10 backpacks purchased on Sept. 4 t/ were defective. Jan. 9Sold 80 backpacks for $25 each to Oliver Books, terms 2/10, n/30. Jan. 130liver Books returned 10 backpacks related to 9th of January purchase Jan. 14 Paid Red Berries Cop. in full. Instructions: Green Palms Company uses a perpetual inventory system, record the January transactions for Green Palms Company Debt Credit Date Jan 4 1 1 - !! > Date Debit Credit Jan 4 Jan 6 Jan 9 Jan 13 Jan 14

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