sulda
Apr 28, 2009, 08:55 AM
The company uses the perpetual inventory method, record the following events in the general journal.
1) JAN 3. Purchase , of merchandise inventory from a supplier, Kelly Distributors, Inc. the terms of the purchase: 2/, n/ and FOB shipping point.
2) Jan 11 paid the amount due on account to Kelly Distributors for merchandise purchased on Jan 3.
1) JAN 3. Purchase , of merchandise inventory from a supplier, Kelly Distributors, Inc. the terms of the purchase: 2/, n/ and FOB shipping point.
2) Jan 11 paid the amount due on account to Kelly Distributors for merchandise purchased on Jan 3.