GameGirl, Incorporated, has the following transactions during August. August & Sold 50 handheld game devices for $100 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 50 game devices sold van $80 each. August 10 DS Unlimited returned tive game devices purchased on August 6 since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Incorporated, assuming the company uses a perpetual inventory system. The items returned on August 10 were considered worthless to GameGirl and were discarded. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 3 Record DS Unlimited returning five game devices purchased on August 6 since they were defective. Note: Enter debits before credits. Dats August 10 Sales Returns Record entry General journal Accounts Receivable Clear entry Debit 480 Credit 480 View general journal

GameGirl, Incorporated, has the following transactions during August. August & Sold 50 handheld game devices for $100 each to DS Unlimited on account, terms 1/10, net 60. The cost of the 50 game devices sold van $80 each. August 10 DS Unlimited returned tive game devices purchased on August 6 since they were defective. August 14 Received full amount due from DS Unlimited. Required: Prepare the transactions for GameGirl, Incorporated, assuming the company uses a perpetual inventory system. The items returned on August 10 were considered worthless to GameGirl and were discarded. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 3 Record DS Unlimited returning five game devices purchased on August 6 since they were defective. Note: Enter debits before credits. Dats August 10 Sales Returns Record entry General journal Accounts Receivable Clear entry Debit 480 Credit 480 View general journal

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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