Sunita Computer Supplies entered into the following transactions. Prepare journal entries under the perpetual inventory system. May

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Sunita Computer Supplies entered into the following transactions. Prepare journal entries under the perpetual inventory system.

May 1 Purchased merchandise on account from Anju Enterprises, $200,000.

8 Purchased merchandise for cash, $100,000.

15 Sold merchandise on account to Salil’s Pharmacy for $8,000. The merchandise cost $5,000.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 21, 2011 09:40 AM

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Sunita Computer Supplies entered into the following transactions. Prepare journal entries under the perpetual inventory system. May

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DATE GENERAL JOURNAL DESCRIPTION 20 May 1 Merchandise Invento...View the full answer

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