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. Please help with the below entries: Record purchase of 52 handheld game devices on account from GameGirl, Incorporated, for $110 each, terms 2/10, n/60. Record payment of $310 is Sure Shipping for freight charges associated with the August 6 purchase. Record the return to GameGirl of seven game devices that were defective. Record payment of the full amount due to GameGirl. Record the sale of 32 game devices purchased on August 6 for $130 each to customers on account. Record the cost of inventory sold.

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. Please help with the below entries: Record purchase of 52 handheld game devices on account from GameGirl, Incorporated, for $110 each, terms 2/10, n/60. Record payment of $310 is Sure Shipping for freight charges associated with the August 6 purchase. Record the return to GameGirl of seven game devices that were defective. Record payment of the full amount due to GameGirl. Record the sale of 32 game devices purchased on August 6 for $130 each to customers on account. Record the cost of inventory sold.

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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