Steve's Hardware Store uses the perpetual inventory system. The business incurred the following transactions:
A. On November 1, 10 snow blowers were purchased on account at $1,000 each. Credit terms were 2/10, net 30.
B. On November 2, the business returned two snow blowers due to damage incurred in shipping.
C. On November 3, the supplier granted Steve's Hardware an allowance of $80 because one of the snow blowers was missing an attachment.
D. On November 10, the business sold three of the snow blowers on account at $1,500 each. The credit terms were 2/10, net 30. No sales returns are expected.
E. On November 12, the business paid for the snow blowers.
F. On November 30, business paid wages of $2,000.
Required:
Journalize the above transactions for Steve's Hardware Store. Explanations are not required.

Question

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The Answer of Steve's Hardware Store uses the perpetual inventory system. The business incurred the following transactions:
A. On November 1, 10 snow blowers were purchased on account at $1,000 each. Credit terms were 2/10, net 30.
B. On November 2, the business returned two snow blowers due to damage incurred in shipping.
C. On November 3, the supplier granted Steve's Hardware an allowance of $80 because one of the snow blowers was missing an attachment.
D. On November 10, the business sold three of the snow blowers on account at $1,500 each. The credit terms were 2/10, net 30. No sales returns are expected.
E. On November 12, the business paid for the snow blowers.
F. On November 30, business paid wages of $2,000.
Required:
Journalize the above transactions for Steve's Hardware Store. Explanations are not required.

Steve's Hardware Store Uses the Perpetual Inventory System