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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
John's specialty store uses a perpetual inveentory system. the following are some inventory transaction for the month of may 2009. John's purchased merchandise on account for $5,000. FREIGHT CHARGE OF $300 WERE PAID IN CASH. JOHN'S RETURNED SOME OF THE MERCHANDISE PURCHASED IN (1) tHE COST OF THE MERCHANDISE WAS $600 AND JOHN'S ACCOUNT WAS CREDITED BY THE SUPPLIER. MERCHANDISE COSTING $2,800 WAS SOLD FOR $5,200 IN CSH. PLEASE HELP ME PREPARE THE NECESSARY JOURNAL ENTRIES TO RECORD THESE TRANSACTIONS.
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