prepare the appropriate journal entries and post them to the ledger 3. Gina's Gown's...
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prepare the appropriate journal entries and post them to the ledger 3. Gina's Gown's uses the perpetual inventory system. 8-1: purchased a gown from Prade for $70,000, cash. The shipping terms are FOB Destination. 8-15: Tara Taylor purchases the gown on account for $100,000. The payment terms are 2/10/N/30. 9-10: Tara Taylor pays the invoice. 1 4. Bethany's Bracelets uses the Perpetual inventory system. 7-1: Purchases a bracelet from Tiffany's for $100,000, cash. 7-10: Rill Ryan buys the bracelet for $140,000. The terms of the sale are 2/10/N/30. 7-15: Rill Ryan pays the invoice
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