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7%. Recipt of inventory. Our Stuff...

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Accounting

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7%. Recipt of inventory. Our Stuff uff Compare asked to complete parts a, b, and for the bookegert wants you to provide information on the inventory methods s Yo are asked to complete informa Record each of the following transactions using the periodic nethod Purchased $7,900 of goods on account. The freight charges on the goods June 1 were $50 3Found some of the goods from the June 1 purchase, costing S45, that were ed and were returned to the seller, the seller reduced the amount we owed by the damag S45 June 20 Some items costing $150 were not what we had ordered and could not be used. We returned these items, and the supplier reduced the amount we owed. June 30 Paid the supplier the amount owed. Periodic Inventory Entries

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