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Piere Imports uses the perpetual system in accounting for merchandise inventory and had the following transactions during the month of October.
October Purchased merchandise at a $ price $ net invoice dated October terms
October Returned $ $ net of merchandise purchased on October and debited its accounts payable for that amount.
October Purchased merchandise at a $ price $ net invoice dated October terms
October Paid for the merchandise purchased on October less the discount.
October paid for the merchandise purchased on October
b Prepare entries to record the above transactions assuming that Piere Imports records invoices at net amounts.
Answer is not complete.
tableNoDate,General Journal,Debit,CreditOctober Merchandise inventory,Accounts payable,
