19. A during August, 2019: merchandiser, following the perpetual inventory system, has the following transactions...
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19. A during August, 2019: merchandiser, following the perpetual inventory system, has the following transactions Date Aug. 5 Aug. 9 Aug. 10 Transaction Purchased inventory on account Paid for transportation of goods purchased Returned defective merchandise to the seller Paid for goods purchased on August 5 Amount S 300,000 25,000 20,000 Aug. 15 Credit terms of invoice are 2/15, n/45. Prepare journal entries for the above transactions
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