QUESTION 1 Using a perpetual system, Journalize the following transactions for Day To Day Market...
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QUESTION 1 Using a perpetual system, Journalize the following transactions for Day To Day Market in General Journal Format: On January 1, Day To Day Market purchased inventory for $10,000 on account with terms 1/10,n/40, FOB Shipping point. On January 2, Day-To Day paid $200 cash for transportation costs with the January 1 purchase. On January 15, Day To Day Market paid cash for the January 1 purchase (without discount) On january 18, Day To Day Market sold inventory for $3,000 on account the cost of the inventory is $2,200
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