60the options3,600InventoryInventoryAccounts Payable6001,200Cash600Cash2,940Sales RevenueCost Of Goods SoldAccounts PayableAccounts Payable1,7003,6003,000InventoryInventory1,2001,700 Journalize the following transactions ( the company is using a perpetual system).1. On June 1, Dzeko Co. Purchased 30 shoes at $120 each from Nike store on account, terms 2/10, n/30.DebitCreditDateAccounts titlesJune 12. On June 4, Dzeko Co. returned 5 shoes to Nike store because they didn't meet thDateAccounts titlesDebitCreditJune 43. On June 9, Dzeko Co. paid Nike store in full.DateAccounts titlesDebitCreditJune 94. On June 10, Dzeko Co. Sold 10 shoes for $1,700 cash.DateAccounts titlesCreditJune 1

June 1 Inventory A/c dr. $3600 (30shoes * $120) To Accounts payable.…

the options 60 3,600 Inventory Inventory Accounts Payable 600 1,200 Cash 600 Cash 2,940 Sales Revenue Cost Of Goods Sold 1,700 3,600 Accounts Payable Accounts Payable 3,000 Inventory Inventory 1,200 1,700

the options 60 3,600 Inventory Inventory Accounts Payable 600 1,200 Cash 600 Cash 2,940 Sales Revenue Cost Of Goods Sold 1,700 3,600 Accounts Payable Accounts Payable 3,000 Inventory Inventory 1,200 1,700

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 5PB: Review the following transactions and prepare any necessary journal entries. A. On January 5, Bunnet...

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