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Perpetual_inventory_jes

Perpetual_inventory_jes - xxx Merchandise Inventory xxx...

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Perpetual Inventory Method Journal Entries Purchases of inventory debit credit Merchandise Inventory xxx Buy goods Accounts Payable(Cash) xxx Accounts Payable xxx Returns/Allowances Merchandise Inventory xxx Merchandise Inventory xxx Freight - In Accounts Payable(Cash) xxx Accounts Payable xxx Purchase discounts Cash xxx Merchandise Inventory xxx Sales of inventory debit credit Accounts Receivable(Cash) xxx Sell goods Sales xxx Cost of Goods Sold
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Unformatted text preview: xxx Merchandise Inventory xxx Sales Returns xxx Sales returns Accounts Receivable xxx Merchandise Inventory xxx Cost of Goods Sold xxx Sales Allowances xxx Sales Allowance Accounts Receivable xxx Sales Discounts xxx Sales Discount Cash xxx Accounts Receivable xxx Freight Out xxx Seller pays to have Accounts Payable(Cash) xxx goods delivered to buyer (Selling Exp)...
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