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1-MNC Pipe Store uses perpetual inventory system and sells each pipe at a selling price of 100 TL Make the journal entries of the following financial transactions and post them to the Ledger (60 points); The company purchased 18 pipes at a unit cost of 65 TL in cash on the 2th of February The company purchased 15 pipes at a unit cost of 78 TL on account, and paid the transportation of pipes for 500TL in cash on the 5th of February The company returned 4 pipes which are defective from the purchase on th 5th of February . On February 14, The company sold 16 pipes on credit from the purchase on the 2th of February . The company paid 400 TL to the transportation company for the sold items for February 14 sales During transportation some of pipes was damaged, so the company grant 200 TL sales allowance to the customer for the goods damaged in transit

1-MNC Pipe Store uses perpetual inventory system and sells each pipe at a selling price of 100TL Make the journal entries of the following financial transactions and post them to the Ledger ( 60 points); - The company purchased 18 pipes at a unit cost of 65TL in cash on the 2th of February - The company purchased 15 pipes at a unit cost of 78TL on account, and paid the transportation of pipes for 500TL in cash on the 5th of February - The company returned 4 pipes which are defective from the purchase on th 5th of February - On February 14, The company sold 16 pipes on credit from the purchase on the 2th of February - The company paid 400 TL to the transportation company for the sold items for February 14 sales - During transportation some of pipes was damaged, so the company grant 200 TL sales allowance to the customer for the goods damaged in transit

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