Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Accounting    Ask about another Subject  
 
PDA

fernandaecia
Oct 30, 2007, 06:02 PM
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.... :mad:

thank you guys!!!!!