Question: this is the PERPETUAL inventory system pls complete the journal using it. thank you Transactions Purchased $1000 of inventory on terms 2/10 n30 (2% discount
this is the PERPETUAL inventory system pls complete the journal using it. thank you

Transactions Purchased $1000 of inventory on terms 2/10 n30 (2% discount if paid within 10 March 1 days otherwise the total or net amount is due in 30 days) I March 2 Returned $200 of inventory from purchase made on March 1st 1 1 March 10 Paid for purchase made on March 1st March 12 Sold the merchandise for $1600 for terms 2/10 n30 (assuming you had paid for merchandise within 10 days) March 23 Customer paid for the purchase they made on March 12th Mark Marks Breakdown Task 1 - Journal Transactions Done Correctly (2 Marks Each) Task 2 - Journal Transactions Done Correctly (2 Marks Each) out of /10 Task 2: Complete the journal entries for the transactions posted to the right using the PERPETUAL inventory system. /10 120 Worksheet Total 0 Journal - Page 30 Date 20-- Accounts and Explanation PR Debit Credit
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