Compare the following journal entries-perpetual invendtory vs. periodic inventory
1.cash sales
2.credit card fee payment
3. sales on account
4.sales discounts
5.sales returns and allowances
6.purchase merchandise for cash
7.purchase merchandise on accounts
8.purchase discounts
9.purchase returns and allowances
10.record freight
11.sales tax transactions

Compare the following journal entries-perpetual invendtory vs. periodic inventory
1.cash sales
2.credit card fee payment
3. sales on account
4.sales discounts
5.sales returns and allowances
6.purchase merchandise for cash
7.purchase merchandise on accounts
8.purchase discounts
9.purchase returns and allowances
10.record freight
11.sales tax transactions

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