Question: Using the information in E6-9, prepare journal entries to record the transactions, assuming Solitare uses a perpetual inventory system. Information From E6-9 Jan. 6 Sold
Information From E6-9
Jan. 6 Sold goods for $100 to Wizard Inc. with terms 2/10, n/30. The goods cost Solitare $70.
6 Sold goods to SpyderCorp. for $80 with terms 2/10, n/30. The goods cost Solitare $60.
14 Collected cash due from Wizard Inc.
Feb. 2 Collected cash due from SpyderCorp.
28 Sold goods for $50 to Bridges with terms 2/10, n/45. The goods cost Solitare $30.
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