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Journalize the following transactions ( the company is using a perpetual system). 1. On June 1, Dzeko Co. Purchased 30 shoes at $120 each from Nike store on account, terms 2/10, n/30. Date Accounts titles Debit Credit June 1 Inventory Inventory Accounts Payable Cash Cash Sales Revenue 2. On June 4. Dz Cost Of Goods Sold Accounts Payable to Nike store because they didn't meet the specifications. Accounts Payable Inventory Inventory Torodit

Journalize the following transactions ( the company is using a perpetual system). 1. On June 1, Dzeko Co. Purchased 30 shoes at $120 each from Nike store on account, terms 2/10, n/30. Date Accounts titles Debit Credit June 1 Inventory Inventory Accounts Payable Cash Cash Sales Revenue 2. On June 4. Dz Cost Of Goods Sold Accounts Payable to Nike store because they didn't meet the specifications. Accounts Payable Inventory Inventory Torodit

FINANCIAL ACCOUNTING
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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Journalize the following transactions ( the company is using a perpetual system). 1. On June 1, Dzeko Co. Purchased 30 shoes at $120 each from Nike store on account, terms 2/10, n/30. Date Accounts titles Debit Credit June 1 Inventory Inventory Accounts Payable Cash Cash Sales Revenue 2. On June 4. Dz Cost Of Goods Sold Accounts Payable to Nike store because they didn't meet the specifications. Accounts Payable Inventory Inventory Gredit Debit
Transcribed Image Text:Journalize the following transactions ( the company is using a perpetual system). 1. On June 1, Dzeko Co. Purchased 30 shoes at $120 each from Nike store on account, terms 2/10, n/30. Date Accounts titles Debit Credit June 1 Inventory Inventory Accounts Payable Cash Cash Sales Revenue 2. On June 4. Dz Cost Of Goods Sold Accounts Payable to Nike store because they didn't meet the specifications. Accounts Payable Inventory Inventory Gredit Debit
Journalize the following transactions ( the company is using a perpetual system). 1. On June 1, Dzeko Co. Purchased 30 shoes at $120 each from Nike store on account, terms 2/10, n/30. Date Accounts titles Debit Credit June 1 60 3,600 600 1,200 600 2,940 2. On June 4, Dzeko Co. returned 5 shoes to Nike store b 1,700 y didn't meet the 3,600 3,000 1,200 specifications. 1,700 Crodit
Transcribed Image Text:Journalize the following transactions ( the company is using a perpetual system). 1. On June 1, Dzeko Co. Purchased 30 shoes at $120 each from Nike store on account, terms 2/10, n/30. Date Accounts titles Debit Credit June 1 60 3,600 600 1,200 600 2,940 2. On June 4, Dzeko Co. returned 5 shoes to Nike store b 1,700 y didn't meet the 3,600 3,000 1,200 specifications. 1,700 Crodit
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