what am i missing? DS Unlimited has the following transactions during...

90.2K

Verified Solution

Question

Accounting

what am i missing?
image
DS Unlimited has the following transactions during August August 6 Purchasea 36 handheld game devices on account from GameGirl, Inc., for $280 each, terma 1/10, n/60. August 7 Pays $480 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl six game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 66 game devices purchased on August 6 for $300 each to customers on account. The total cost of the 66 game devices sold is $18,691.00. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual Inventory system (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) Answer is not complete. General Journal No Credit Date August 06 Debit 24,080.00 1 Inventory Accounts Payable 24,080,00 2. August 07 480.00 > Inventory Cash O 480.00 3 August 10 1,680.00 Accounts Payable Inventory OO 1,680.00 > 4 August 14 Accounts Payable Cash Oo 22.400.00 22.176.00 5 August 23 19,800.00 Accounts Receivable Sales Revenue 19,800.00 > 6 August 23 18,691.00 Cost of Goods Sold Inventory SO 18,691.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students