DS Unlimited has the following transactions during August. August 6 Purchases 54 handheld game devices on account from GameGirl, Incorporated, for $120 each, terms 1/10, n/60. August 7 Pays $320 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl four game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 34 game devices purchased on August 6 for $140 each to customers on account. The total cost of the 34 game devices sold is $4,257.00. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)
DS Unlimited has the following transactions during August. August 6 Purchases 54 handheld game devices on account from GameGirl, Incorporated, for $120 each, terms 1/10, n/60. August 7 Pays $320 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl four game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 34 game devices purchased on August 6 for $140 each to customers on account. The total cost of the 34 game devices sold is $4,257.00. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 8EA: Record the journal entry for each of the following transactions. Glow Industries purchases 750...
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![DS Unlimited has the following transactions during August.
August 6 Purchases 54 handheld game devices on account from GameGirl, Incorporated, for $120 each, terms 1/10, n/60.
August 7 Pays $320 to Sure Shipping for freight charges associated with the August 6 purchase.
August 10 Returns to GameGirl four game devices that were defective.
August 14 Pays the full amount due to GameGirl.
August 23 Sells 34 game devices purchased on August 6 for $140 each to customers on account. The total cost of the 34
game devices sold is $4,257.00.
Required:
Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a
transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4f20b772-35c9-41ad-a86c-068f99805956%2F09559c1c-dc9c-4a1b-b065-35a7fd73d5b4%2F0t1b204_processed.jpeg&w=3840&q=75)
Transcribed Image Text:DS Unlimited has the following transactions during August.
August 6 Purchases 54 handheld game devices on account from GameGirl, Incorporated, for $120 each, terms 1/10, n/60.
August 7 Pays $320 to Sure Shipping for freight charges associated with the August 6 purchase.
August 10 Returns to GameGirl four game devices that were defective.
August 14 Pays the full amount due to GameGirl.
August 23 Sells 34 game devices purchased on August 6 for $140 each to customers on account. The total cost of the 34
game devices sold is $4,257.00.
Required:
Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a
transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)
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