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The transactions lolow occurat over the following thee menta ending March.31,...

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Accounting

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The transactions lolow occurat over the following thee menta ending March.31, 2023. Transatine Date Jan 12 Purcliased 400 whope for $1,100 eath en credit from the manufacture. Jan 16 Sold 350 s. Fhoues to custemer 1 on eredit for $1.500 each. credir. Mar 18 Sold 200 sPhoncs to custente 3 on credic. Mar 24 Wrote off $10,000 accounts recivable fiem soles made in the previous quaner. Additional Informatien: 1. The temn for all credit sales is 210 , net 30 . 2. Mars Incuses the perpetual imventory system and the first.in firt-eut (FIFO) method any

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