A few days ago
ppp

How to do the following accounting question(Serious answers only).?

The following information and transactions relate to the “Dalgetty Sports Warehouse”.

Aug.5. Sold merchandise on credit to Honeydew Enterprise, terms 2/10, n/30, amounting to $2640 (GST Inclusive), cost price $1500.

Aug.13. The owner withdrew inventory valued at $600, (cost price $350), for personal use.

Aug.15. A physical stocktake valued inventory on hand at $24000.

How to record the above transactions using the perpetual inventory system?

Top 1 Answers
A few days ago
Thomas M

Favorite Answer

Take this to homework help. This is not the right forum for asking people to do your homework for you.
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