Question 1 salah Company uses a perpetual inventory system. During octoper , the following transactions and events occurred. oct 13 Sold 10 motors at a cost of $60 each to Scruffy Brothers Supply Company, terms 5/10, n/30. The motors cost salah $30 each. oct 16 three defective motor was returned to salah. oct 23 Received payment in full from Scruffy Brothers. Round to nearest dollar.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Question 1
salah Company uses
During octoper
occurred.
a perpetual inventory system.
the following transactions and events
oct
13
Sold 10 motors at a cost of $60 each to
Scruffy Brothers Supply Company, terms 5/10,
n/30. The motors cost salah $30 each.
oct
16
three defective motor was returned to
salah.
oct
23
Received payment in full from Scruffy
Brothers. Round to nearest dollar.
Instructions
Journalize the octoper transactions for salah Company
assuming that salah uses a perpetual inventory system.
Transcribed Image Text:Question 1 salah Company uses During octoper occurred. a perpetual inventory system. the following transactions and events oct 13 Sold 10 motors at a cost of $60 each to Scruffy Brothers Supply Company, terms 5/10, n/30. The motors cost salah $30 each. oct 16 three defective motor was returned to salah. oct 23 Received payment in full from Scruffy Brothers. Round to nearest dollar. Instructions Journalize the octoper transactions for salah Company assuming that salah uses a perpetual inventory system.
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