Question: Question completion sus Using the data set below relating to a perpetual inventory system what entries are made on April 2 and April 107 Ignore

 Question completion sus Using the data set below relating to a

Question completion sus Using the data set below relating to a perpetual inventory system what entries are made on April 2 and April 107 Ignore any cost how method assumptions Date Event Amount 1-Apr Beginning inventory 1,000 2-Apr Sales on account cost 8,000) 12,000 6-Apr Inventory purchases 2/10, 1/30 8,000 10-Apr Inventory returns 1,000 12.Apr Freight paid 600 13-Apr Payments on account 2,500 30-Ape Actual Inventory count 2,500 Debit Credit 4/2 Accounts receivable 12.000 Sales 12,000 Cost of goods sold 8,000 Inventory 8,000 4/10 1,000 Accounts payable Inventory 1,000 Credit Debit 12,000 4/2 12.000 Accounts receivable Sales Accounts payable Inventory 4/10 1,000 1,000 Credit . 412 Debit 12.000 Accounts receivable Sales Cost of goods sold Purchases 12.000 8,000 8.000 4/10 1.000 Accounts payable Purchases 1,000 Credit D Debit 12,000 412 12,000 Accounts receivable Sales Accounts payable Purchases 4/10 1.000 1,000

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