Bonita's Market recorded the following events involving a recent purchase of merchandise using a perpetual inventory system: Received goods for $55000, terms 2/10, n/30. Returned $1000 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by $54300. $54400. $53612. $53320. Bonita's Market recorded the following events involving a recent purchase of merchandise using a perpetual inventory system: Received goods for $55000, terms 2/10, n/30. Returned $1000 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by O $54300. O $54400. $53612. O $53320.
Bonita's Market recorded the following events involving a recent purchase of merchandise using a perpetual inventory system: Received goods for $55000, terms 2/10, n/30. Returned $1000 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by $54300. $54400. $53612. $53320. Bonita's Market recorded the following events involving a recent purchase of merchandise using a perpetual inventory system: Received goods for $55000, terms 2/10, n/30. Returned $1000 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by O $54300. O $54400. $53612. O $53320.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 7E: Record the following transactions for a perpetual inventory system in general journal form. a. Sold...
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