Coronado Company uses a perpetual inventory system. Its beginning inventory consists of 80 units that cost $54 each. During June, (1) the company purchased 240 units at $54 each on account, (2) returned 10 units for credit, and (3) sold 200 units at $80 each on account. Journalize the June transactions

Respuesta :

Answer:

Explanation:

June 1:

Dr. Purchases 240*54

Cr. Account payable   240*54

June 2:

Dr. Account payable 10*54

Cr. Purchases 10*54

June 3:

Dr. Account receivables 200*80

Cr. Sales Revenue 200*80

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