okDS Unlimited has the following transactions during August.August 6 Purchases 52 handheld game devices on account from GameGirl, Incorporated, for $110 each, terms 2/10, n/60.August 7 Pays $310 to Sure Shipping for freight charges associated with the August 6 purchase.August 10 Returns to GameGirl seven game devices that were defective.August 14 Pays the full amount due to GameGirl.August 23 Sells 32 game devices purchased on August 6 for $130 each to customers on account. The total cost of the 32game devices sold is $3,670.00.Required:Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for atransaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)

DateGeneral JournalDebitCreditAugust 6Inventory (52 x $110)$5,720 Accounts Payable$5,720(Being…

cost of the 32 Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)

cost of the 32 Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)

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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Question

ok
DS Unlimited has the following transactions during August.
August 6 Purchases 52 handheld game devices on account from GameGirl, Incorporated, for $110 each, terms 2/10, n/60.
August 7 Pays $310 to Sure Shipping for freight charges associated with the August 6 purchase.
August 10 Returns to GameGirl seven game devices that were defective.
August 14 Pays the full amount due to GameGirl.
August 23 Sells 32 game devices purchased on August 6 for $130 each to customers on account. The total cost of the 32
game devices sold is $3,670.00.
Required:
Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a
transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)

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