The following inventory transactions apply to Green Company for Year 2: Jan. 1 Apr. 1...
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The following inventory transactions apply to Green Company for Year 2: Jan. 1 Apr. 1 Aug. 1 Dec. 1 Purchased Sold Purchased Sold 280 units $11 140 units $18 400 units 5.12 500 units $19 The beginning inventory consisted of 175 units at $12 per unit. All transactions are cosh transactions. Required a. Record these transactions in general Journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual records. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction that Journal entry worksheet 1 2 3 4 5 6 Record entry inventory purchased for cash. Note: Enter debts before credits General Journal Dobit Credit Date 01/01 View transaction list Journal entry worksheet 1 2. 3 4 4 5 6 > Record sale of inventory for cash. Note: Enter debits before credits. Date General Journal Debit Credit 4/1-a. Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record entry for cost of goods sold. Note: Enter debits before credits. Date General Journal Debit Credit 04/01 View general Journal Record entry Clear entry Prey of 8 Next > View transaction list Journal entry worksheet
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