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-   -   Perpetual inventory vs. periodic inventory (https://www.askmehelpdesk.com/showthread.php?t=685355)

  • Jul 21, 2012, 10:12 AM
    mlrmlrjnj
    Perpetual inventory vs. periodic inventory
    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
  • Jul 21, 2012, 10:16 AM
    mlrmlrjnj
    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
  • Jul 21, 2012, 11:16 AM
    AtlantaTaxExpert
    This looks like a homework question.

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