Record the following transactions for Sparky's Pet Shop using the general journal form provided below.Assume Sparky's uses a perpetual inventory system.Omit transaction descriptions from entries:
$\begin{array}{|r|l|}
\hline \text { Date }&\text { Transaction } \
\hline \text {August 1 }&\text { Purchased \$ 6,000 of merchandise on account, terms 2/10, n/ 30 . }\
\hline 3&\text { Returned \$ 1,500 of merchandise purchased on August 1 due to defects. }\
\hline 7&\text { Recorded cash sales for the first week of August, \$ 9,750 ; cost of the }\
&\text { merchandise was \$ 4,000 . }\
\hline 10&\text { Made sale on account to a local breeder for \$ 500 , terms 1 / 10 net 30 ; cost of the }\
&\text { merchandise was \$ 200 }\
\hline 11&\text { Paid for the merchandise purchased on August 1, less return }\
\hline 20 &\text { Received payment from sale of August 10. }\
\hline
\end{array}$

Question

Record the following transactions for Sparky's Pet Shop using the general journal form provided below.Assume Sparky's uses a perpetual inventory system.Omit transaction descriptions from entries:
 $\begin{array}{|r|l|}
\hline   \text { Date  }&\text { Transaction  } \
\hline \text {August   1 }&\text {  Purchased  \$ 6,000   of merchandise on account, terms 2/10, n/ 30 . }\
\hline 3&\text { Returned   \$ 1,500   of merchandise purchased on August 1 due to defects.  }\
\hline 7&\text {  Recorded cash sales for the first week of August,  \$ 9,750 ; cost of the }\
&\text { merchandise was  \$ 4,000  .  }\
\hline 10&\text {  Made sale on account to a local breeder for \$ 500  , terms  1 / 10  net 30 ; cost of the  }\
&\text {  merchandise was   \$ 200 }\
\hline 11&\text {  Paid for the merchandise purchased on August 1, less return }\
\hline 20 &\text {  Received payment from sale of August 10. }\
\hline 
\end{array}$

Quizplus · Accepted Answer

The Answer of Record the following transactions for Sparky's Pet Shop using the general journal form provided below.Assume Sparky's uses a perpetual inventory system.Omit transaction descriptions from entries:
 $\begin{array}{|r|l|}
\hline   \text { Date  }&\text { Transaction  } \
\hline \text {August   1 }&\text {  Purchased  \$ 6,000   of merchandise on account, terms 2/10, n/ 30 . }\
\hline 3&\text { Returned   \$ 1,500   of merchandise purchased on August 1 due to defects.  }\
\hline 7&\text {  Recorded cash sales for the first week of August,  \$ 9,750 ; cost of the }\
&\text { merchandise was  \$ 4,000  .  }\
\hline 10&\text {  Made sale on account to a local breeder for \$ 500  , terms  1 / 10  net 30 ; cost of the  }\
&\text {  merchandise was   \$ 200 }\
\hline 11&\text {  Paid for the merchandise purchased on August 1, less return }\
\hline 20 &\text {  Received payment from sale of August 10. }\
\hline 
\end{array}$

Record the Following Transactions for Sparky's Pet Shop Using the General