Journal Entries Under the Perpetual Inventory system. Bhushan Building Supplies entered into the following transactions.? Ju

08 Dec Journal Entries Under the Perpetual Inventory system. Bhushan Building Supplies entered into the following transactions.? Ju

Posted at 05:55h in Business & Finance / Accounting by

Journal Entries Under the Perpetual Inventory system. Bhushan Building Supplies entered into the following transactions.

June 1 Purchased merchandise on account from Brij Builders Materials, $30,000.

3 Purchased merchandise for cash, $24,000.

5 Sold merchandise on account to Champa Construction for $60,000. The merchandise cost $45,000.

Prepare Journal entries under the perpetual inventory system.