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    mlrmlrjnj's Avatar
    mlrmlrjnj Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jul 21, 2012, 10:12 AM
    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
    mlrmlrjnj's Avatar
    mlrmlrjnj Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Jul 21, 2012, 10:16 AM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jul 21, 2012, 11:16 AM
    This looks like a homework question.
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