Acc201WA5 - E8-11.The recording of purchase of inventory on...

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Unformatted text preview: E8-11.The recording of purchase of inventory on account and the payment of freight charges.Inventory................................................................5,000Accounts payable...............................................5,000Inventory................................................................300Cash...................................................................3002. The recording of purchase returns.Accounts payable...................................................600Inventory.............................................................6003. The recording of cash sales and cost of goods sold.Cash.......................................................................5,200Sales revenue.....................................................5,200Cost of goods sold..................................................2,800Inventory.............................................................2,800E8-21. The recording of purchase of inventory on account and the payment of freight charges.freight charges....
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This note was uploaded on 10/16/2011 for the course ACCOUNTING 201 taught by Professor Evans during the Spring '11 term at Thomas Edison State.

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Acc201WA5 - E8-11.The recording of purchase of inventory on...

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