lakers24
Dec 6, 2008, 07:43 PM
Can u plase help me with the journal entries for this?
Wilcox enterpises Inc. received goods costing 37000 on Jan 2, 2008 that were shipped FOB destination on Dec 29,2007. The shipment was a rush order that was supposed to arrive dec 31, 2007. This credit purchase was included in the ending inventory. The company uses a perpetual inventory system.
Wilcox enterpises Inc. received goods costing 37000 on Jan 2, 2008 that were shipped FOB destination on Dec 29,2007. The shipment was a rush order that was supposed to arrive dec 31, 2007. This credit purchase was included in the ending inventory. The company uses a perpetual inventory system.