Bargain Wholesalers sells pet supplies to retailers including Pet World Supplies. Bargain Wholesalers uses a perpetual inventory. Journalize the following transactions:
May 4, Bargain Wholesalers sells inventory to Pet World Supplies for $8,250.00 with terms 1/10, n/30. The cost of the merchandise is $5,755.00.
May 7, Bargain Wholesalers sells an additional $10,985.00 in inventory to Pet World Supplies with terms 1/10, n/30. The cost of the merchandise is $6,925.00.
May 13, Bargain Wholesalers receives a check from Pet World Supplies paying the balance due on both invoices.
Journal

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The Answer of Bargain Wholesalers sells pet supplies to retailers including Pet World Supplies. Bargain Wholesalers uses a perpetual inventory. Journalize the following transactions:
May 4, Bargain Wholesalers sells inventory to Pet World Supplies for $8,250.00 with terms 1/10, n/30. The cost of the merchandise is $5,755.00.
May 7, Bargain Wholesalers sells an additional $10,985.00 in inventory to Pet World Supplies with terms 1/10, n/30. The cost of the merchandise is $6,925.00.
May 13, Bargain Wholesalers receives a check from Pet World Supplies paying the balance due on both invoices.
Journal

Bargain Wholesalers Sells Pet Supplies to Retailers Including Pet World