Business, 30.03.2021 16:20 kataldaine

A company has the following transactions during March: March 3 Purchases inventory on account for $3,900 terms 4/10, n/30
March 5 Pays freight costs of $230 on inventory purchased on March 3.
March 6 Returns inventory with a cost of $800
March 12 Pays the full amount due on March 3 purchase.
March 29 Sells all inventory purchased on March 3 (less those returned on March 6) for $5,300 on account.
Record all transactions, including the month-end adjustment to cost of goods sold, assuming the company uses a periodic inventory system and has no beginning inventory.

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A company has the following transactions during March: March 3 Purchases inventory on account for $...

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