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 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.
D.On November 12,the business paid for the snow blowers.
E.On November 30,the business paid wages of $2,000.
Required:
Journalize the above transactions for Steve's Hardware Store.Explanations are not required.

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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 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.
D.On November 12,the business paid for the snow blowers.
E.On November 30,the 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