Journalize the following sales transactions for Power Equipment using the periodic inventory system. Explanations are not required.
July 1: Sold $4,200 of equipment on account, credit terms are n/30, FOEdestination.
July 5: Iaid $\$ 90$ on freight out.
July 11: Received payment from the customer for the full amount due on the July 1 sale.

Question

Journalize the following sales transactions for Power Equipment using the periodic inventory system. Explanations are not required.
 July 1: Sold $4,200 of equipment on account, credit terms are n/30, FOEdestination.
July 5: Iaid $\$ 90$ on freight out.
July 11: Received payment from the customer for the full amount due on the July 1 sale.

Quizplus · Accepted Answer

The Answer of Journalize the following sales transactions for Power Equipment using the periodic inventory system. Explanations are not required.
 July 1: Sold $4,200 of equipment on account, credit terms are n/30, FOEdestination.
July 5: Iaid $\$ 90$ on freight out.
July 11: Received payment from the customer for the full amount due on the July 1 sale.

Journalize the Following Sales Transactions for Power Equipment Using the Periodic