Financial accounting
3rd Edition
ISBN: 9780077506902
Author: David J Spieceland Wayne Thomas Don Herrmann
Publisher: Mcgraw-Hill
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Textbook Question
Chapter 6, Problem 6.12E
Record transactions using a perpetual system (LO6–5)
Flip Side of E6–11
Refer to the transactions in E6–11.
Required:
Prepare the transactions for GameGirl, Inc., assuming the company uses a perpetual inventory system. Assume the 70 game devices sold on August 6 to DS Unlimited had a cost to GameGirl of $180 each. The items returned on August 10 were considered worthless to GameGirl and were discarded
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