Exercise 2 (25 points) ON 1st of April Joe Computer Ltd. purchased 100 units of...
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Exercise 2 (25 points) ON 1st of April Joe Computer Ltd. purchased 100 units of merchandises at a cost of $20 / unit The transaction was made with discount terms 2/10, n/30 On 6 of April the company sold 50 units for $1,500. The client paid in cash On April 12 the company paid the supplier for the purchased of April 1st 1.- Record the transaction on the journal considering the company uses a perpetual inventory system (20 points) 2.- Calculate the ending inventory (5 points)
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