60the options3,600InventoryInventoryAccounts Payable6001,200Cash600Cash2,940Sales RevenueCost Of Goods SoldAccounts PayableAccounts Payable1,7003,6003,000InventoryInventory1,2001,700 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.DebitCreditDateAccounts titlesJune 12. On June 4, Dzeko Co. returned 5 shoes to Nike store because they didn't meet thDateAccounts titlesDebitCreditJune 43. On June 9, Dzeko Co. paid Nike store in full.DateAccounts titlesDebitCreditJune 94. On June 10, Dzeko Co. Sold 10 shoes for $1,700 cash.DateAccounts titlesCreditJune 1

June 1 Inventory A/c dr. $3600 (30shoes * $120) To Accounts payable.…

the options 60 3,600 Inventory Inventory Accounts Payable 600 1,200 Cash 600 Cash 2,940 Sales Revenue Cost Of Goods Sold 1,700 3,600 Accounts Payable Accounts Payable 3,000 Inventory Inventory 1,200 1,700

the options 60 3,600 Inventory Inventory Accounts Payable 600 1,200 Cash 600 Cash 2,940 Sales Revenue Cost Of Goods Sold 1,700 3,600 Accounts Payable Accounts Payable 3,000 Inventory Inventory 1,200 1,700

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

60
the options
3,600
Inventory
Inventory
Accounts Payable
600
1,200
Cash
600
Cash
2,940
Sales Revenue
Cost Of Goods Sold
Accounts Payable
Accounts Payable
1,700
3,600
3,000
Inventory
Inventory
1,200
1,700

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.
Debit
Credit
Date
Accounts titles
June 1
2. On June 4, Dzeko Co. returned 5 shoes to Nike store because they didn't meet th
Date
Accounts titles
Debit
Credit
June 4
3. On June 9, Dzeko Co. paid Nike store in full.
Date
Accounts titles
Debit
Credit
June 9
4. On June 10, Dzeko Co. Sold 10 shoes for $1,700 cash.
Date
Accounts titles
Credit
June 1

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