A. Bel Company has a beginning inventory of 100 units @ $60 each. The following transactions occurred during the month of March 2013. . Mar. 05: Purchased 300 units @ $60 each. Mar, 06: Out of 300 units purchased on March 05, 10 units were returned to supplier. Mar: 28: Sold 250 units @ $100 each. On March 31, 2013, 140 units were found by a physical count. Required: Make journal entries for the month of March assuming the Bel company uses: 1. perpetual inventory system. 2. periodic inventory system.

A. Bel Company has a beginning inventory of 100 units @ $60 each. The following transactions occurred during the month of March 2013. . Mar. 05: Purchased 300 units @ $60 each. Mar, 06: Out of 300 units purchased on March 05, 10 units were returned to supplier. Mar: 28: Sold 250 units @ $100 each. On March 31, 2013, 140 units were found by a physical count. Required: Make journal entries for the month of March assuming the Bel company uses: 1. perpetual inventory system. 2. periodic inventory system.

Name: A. Bel Company has a beginning inventory of 100 units @ $60 each. The
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Description: A. Bel Company has a beginning inventory of 100 units @ $60 each. Thefollowing transactions occurred during the month of March 2013.Mar. 05: Purchased 300 units @ $60 each.Mar. 06: Out of 300 units purchased on March 05, 10 units were returned tosup

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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