Compu/t/e the General Ledger, Account: Purchases Account: Sales returning allowance

Merchandising Business: What is the journal entry for the following transactions using the perpetual inventory method?

Journalizing purchase transactions—periodic inventory system Lawrence Appliances had the following purchase transactions. Journalize all necessary transactions using the periodic inventory system. Explanations are not required.

The Inventory module window has journal icons for Select one: O a. inventory sales and inventory purchases b. item assembly and inventory adjustments O c. inventory sales and inventory adjustments O d. all of the above Show Transcribed Text You should use the adjustments journal to record - Select one: O a. adjustments to inventory purchase prices from the supplier as an allowance for damages O b. adjustments to inventory sale prices to customers as an allowance for damages c. adjustments to inventory in stock for damaged goods O d. all of the above

Need answers for all three quest in Question 3 When attempting the question, I would like to you pay attention to the following: how purchases returns, sales returns and shortage/excess  inventory are treated under the perpetual inventory record the adjustment to COGS when there are returns

Which of the following journal entries is appropiate when a credit sales is made under a perpetual inventory (a) Dr. Account receivable                           Cost of good sold      Cr. Sales                                                  Merchandise inventory (b) Dr. Account receivable                          Merchandise inventory      Cr. Sales                                                  Cost of good sold (c) Dr. Account receivable     Cr. Sales (d) Dr. Accounts receivable      Cr. Merchandise inventory

Merchandising Operations: Prepare the journal entries for the following transactions using the perpetual inventory method

please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)     Every entry should have narration please     Prepare journal entries to record the following merchandising transactions of Cabela’s, which uses the perpetual inventory system and the gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable—Boden. July 1 Purchased merchandise from Boden Company for $7,000 under credit terms of 2/15, n/30, FOB shipping point, invoice dated July 1. July 2 Sold merchandise to Creek Company for $1,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $583. July 3 Paid $130 cash for freight charges on the purchase of July 1. July 8 Sold merchandise that had cost $2,300 for $2,700 cash. July 9 Purchased…

Under the periodic inventory system, the journal entry to record the purchase of merchandise inventory will include a debit to Oa. Merchandise Inventory Ob. Purchases Oc. Accounts Payable Od. Cost of Merchandise Purchased