1) Please use Perpetual Inventory method. July 1 Your Name Drug Store purchased medical supplies intended for sale for $1,000.00 from Vendor X. Terms…
1) Please use Perpetual Inventory method. July 1 Your Name Drug Store purchased medical supplies intended for sale for $1,000.00 from Vendor X. Terms of sale: 2/10, n/30, FOB Destination. The freight charges = $50.00. The journal entry is a debit to ___________ ( Gl Account name ) ? 2) Please use Perpetual Inventory method. […]