journal entries - perpetual inventory

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» journal entries - perpetual inventory

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Oct 30, 2007, 05:02 PM

fernandaecia

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Join Date: Oct 2007

Posts: 1

journal entries - perpetual inventory

a company uses the perpetual inventory system and had the following transactions uring October....

oct 6 - purchased 4,000 of inventory. the seller's credit terms are 2/10 n/30

oct 8 - returned $ 200 worth of defective units and received full credit.

oct 15 - paid the amount due, less the returned items

how my journal entries are going to be ????? I get very confused with this perpetual system....

thank you guys!!!!!

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