Dexter Warehouse had inventory of $200 on June 1.The company had the following transactions during June.
June 2 Turchmeded inventory on account for $\$ 2,000$, terms $2 / 10 , n/ 30 .$
June 3 Returned $\$ 350$ worth of inventcay from the june 2 purchese.
June 9 Paid the appropriate amount for the inventory purchased on June 2 Prepare the appropriate journal entry for each of the above transactions assuming Dexter Warehouse uses a perpetual inventory system.

Question

Dexter Warehouse had inventory of $200 on June 1.The company had the following transactions during June.
 June 2 Turchmeded inventory on account for $\$ 2,000$, terms $2 / 10 , n/ 30 .$
June 3 Returned $\$ 350$ worth of inventcay from the june 2 purchese.
June 9 Paid the appropriate amount for the inventory purchased on June 2 Prepare the appropriate journal entry for each of the above transactions assuming Dexter Warehouse uses a perpetual inventory system.

Quizplus · Accepted Answer

The Answer of Dexter Warehouse had inventory of $200 on June 1.The company had the following transactions during June.
 June 2 Turchmeded inventory on account for $\$ 2,000$, terms $2 / 10 , n/ 30 .$
June 3 Returned $\$ 350$ worth of inventcay from the june 2 purchese.
June 9 Paid the appropriate amount for the inventory purchased on June 2 Prepare the appropriate journal entry for each of the above transactions assuming Dexter Warehouse uses a perpetual inventory system.

Dexter Warehouse Had Inventory of $200 on June 1 $2,000\$ 2,000$2,000

Dexter Warehouse Had Inventory of $200 on June 1 $\$ 2,000$