Record journal entries for the following transactions for Captain Harry Outfitters using the perpetual inventory system....
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Record journal entries for the following transactions for Captain Harry Outfitters using the perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Captain Harry Outfitters purchased 100 tents for $10,000 on account. 2. Captain Harry Outhtters purchased 10o display cases for $2,500 on account. 3. Captain Harry Outfitters purchased 50 rain ponchos for $100 cash. 4. Captain Harry Outfitters purchased 25 cartons of price tags for $225 for cash. 5. Captain Harry Outfitters paid for shipping costs for the purchase in transaction 1. Cost is $300. No. Account Titles and Explanation Debit Credit 1. 3. 5. 2. 4. Record journal entries for the following transactions for Captain Harry Outfitters using the perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Captain Harry Outfitters purchased 100 tents for $10,000 on account. 2. Captain Harry Outhtters purchased 10o display cases for $2,500 on account. 3. Captain Harry Outfitters purchased 50 rain ponchos for $100 cash. 4. Captain Harry Outfitters purchased 25 cartons of price tags for $225 for cash. 5. Captain Harry Outfitters paid for shipping costs for the purchase in transaction 1. Cost is $300. No. Account Titles and Explanation Debit Credit 1. 3. 5. 2. 4.
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Related Book For
College Accounting
ISBN: 978-1119405962
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
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