QUESTION 4 Sony Company had the following transactions in December Dec. 1 Sony purchased $18,000...
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QUESTION 4 Sony Company had the following transactions in December Dec. 1 Sony purchased $18,000 merchandise inventory on account torms, 2/10,n/30, FOB shipping point Dec. 5 Sony received $2,000 allowance on the merchandise purchased on Dec. 1 Dec. 8 Sony paid the invoice dated Dec 1, less allowance and discount Required. Prepare journal entries for these 3 transactions assuming Sony uses a perpetual inventory system For the toolbar, press ALT F10(PC) or ALT+FN+F10 (Mac)
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