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Given the following, prepare the entries that both the purchaser and seler should record for these transactions. Assume both companies use a perpetua inventory system a December 4: Southgate Inc.'s merchandise that cost $510 was sold to Global Filter Corp. for $600 under credit forms of v. FOB shipping point b December 17: After negotiations with Southgate in concoming problems with the merchandise purchased on December 4, Global Fifor Comp. received a credit memorandum ring a price reduct $400 c. December 26 Global Filter Corp paid Southgate in the balance de Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format di (0, January 15 would be 15er Please use the and button to change the number of accounts of necessary for each journal entry a) Global Fiter Corp D) Southgate Inc General Accountanation Puur DEC www PAGS Date . Given the following, prepare the entries that both the purchaser and seler should record for these transactions. Assume both companies use a perpetua inventory system a December 4: Southgate Inc.'s merchandise that cost $510 was sold to Global Filter Corp. for $600 under credit forms of v. FOB shipping point b December 17: After negotiations with Southgate in concoming problems with the merchandise purchased on December 4, Global Fifor Comp. received a credit memorandum ring a price reduct $400 c. December 26 Global Filter Corp paid Southgate in the balance de Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format di (0, January 15 would be 15er Please use the and button to change the number of accounts of necessary for each journal entry a) Global Fiter Corp D) Southgate Inc General Accountanation Puur DEC www PAGS Date

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