Business, 26.03.2020 22:42 fdougie111
Gadget Palace is a retailer selling unique hardware. Gadget Palace uses perpetual inventory. Use a General Journal to journalize the following four transactions during the month of July:
(a) On July 5th, Gadget Palace purchases inventory for sale from Turbo Tools for $11,400.00 with terms 2/10, n/30.
(b) On July 6th, Gadget Palace pays Fast Truck Transport $75 for freight-in on the July 5th order.
(c) Gadget Palace gets a credit memo from Turbo Tools for $215.00 for damaged merchandise on July 8th.
(d) On July 15th, Gadget Palace pays Turbo Tools the balance due.
If an amount box does not require an entry, leave it blank or enter "0". If required, round your answers to two decimal places.
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Gadget Palace is a retailer selling unique hardware. Gadget Palace uses perpetual inventory. Use a G...
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