. On March 3rd, Blowout Sales makes $3,450.00 in cash sales of general merchandise which have a cost of $1,215.00. Blowout uses a perpetual inventory system. (a) Journalize the sale event. (b) Journal the cost of merchandise sold

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. On March 3rd, Blowout Sales makes $3,450.00 in cash sales of general merchandise which have a cost of $1,215.00.  Blowout uses a perpetual inventory system.
(a) Journalize the sale event.

(b) Journal the cost of merchandise sold

 

Darshita Changed status to publish February 17, 2020
0

Answer:

Date: Account Title Debit: Credit:
Mar-03 Cash 3450
Sales 3450
Mar-03 Cost of Merchandise Sold 1215
Merchandise Inventory 1215
Darshita Changed status to publish February 17, 2020

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