Q Journalize and post the merchandising operations of Even Company given below using perpetual
system:
Beginning cash balance is inventory balance is $
Purchased merchandise for $ plus $ freight on account.
Purchased merchandise on account for $ with credit terms n
Purchased merchandise on account for $
Return of the merchandise in of sales price of $
Paid within the discount period for merchandise in
Paid for merchandise in
Sold merchandise on account at $ cost of merchandise sold is $
Sold merchandise on account for $ with credit terms n Cost of the
merchandise is $
Sold merchandise on account for $ plus $ freight, cost of merchandise is $
Received a return of the merchandise in of sales price of $ and cost of
$
Received payment within the discount period for merchandise in take the
return into account
Received payment for merchandise in
