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Shinker Complay uses a perpetust system to record linentory transactions The company purchaves 2.000 units...

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Accounting

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Shinker Complay uses a perpetust system to record linentory transactions The company purchaves 2.000 units of inventory on sccount on Febriasy 2 for 570.000 i535 per unit but then retums 150 defective units on febeasry 5 . Record the inventory parchose on februacy 2 and the ifventcy return on february 5. (ir no entry is fequlred for a particular traricactionlevent, sefect No Journal Entry Required in the fint account field.) Journalientry worksheet: 2 Frcord the gurchste of inventery on acceunt

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