Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ds unlimited has the following transactions during

DS Unlimited has the following transactions during August. August 6 Purchases 58...

50.1K

Verified Solution

Question

Accounting

DS Unlimited has the following transactions during August.
August 6 Purchases 58 handheld game devices on account from GameGirl, Incorporated, for $140 each, terms 2/10, n/60.
August 7 Pays $340 to Sure Shipping for freight charges associated with the August 6 purchase.
August 10 Returns to GameGirl three game devices that were defective.
August 14 Pays the full amount due to GameGirl.
August 23 Sells 38 game devices purchased on August 6 for $160 each to customers on account. The total cost of the 38 game devices sold is $5,449.00.
Required:
Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

A 20 year loan of $120, 000 at i = 6% is paid off by...

Basic Math
1.2K views

Solve the system of equations by substitution Give an exact answer Do not round 2x...

Basic Math
1.2K views

An empty swimming pool needs to be filled to the top The pool is shaped...

Basic Math
1.2K views

The number of bonus points B p that a credit card holder receives is given...

Statistics
1.2K views

Assume that females have pulse rates that are normally distributed with a mean of 75...

Statistics
1.2K views

5 Book Hint Print rences Health Cooperative is an outpatient surgical clinic It budgets 647...

Accounting
1.2K views

Farrow Company reports the following annual results. The company recelves a special offer for 34,000...

Accounting
1.2K views

I need help with these questions. Can you all explain with explanations? ...

Accounting
1.2K views

A budgeting system that has, in effect, a budget for a set number of periods...

Accounting
1.2K views

How does a budget becomes more meaningful when they reflect the strategic plan of the...

Accounting
1.2K views

I really need help figuring out how to fill in the pension expense worksheet. ...

Accounting
1.2K views

1 Case 4B-6 (Algo) Step-Down Method versus Direct Method [LO4-10, LO4-11) 10 points "This is...