Reference no: EM132488410
DS Unlimited has the following transactions during August.
August 6 Purchases 72 handheld game devices on account from GameGirl, Inc., for $210 each, terms 2/10, n/60.
August 7 Pays $410 to Sure Shipping for freight charges associated with the August 6 purchase.
August 10 Returns to GameGirl seven game devices that were defective.
August 14 Pays the full amount due to GameGirl.August 23 Sells 52 game devices purchased on August 6 for $230 each to customers on account.
The total cost of the 52 game devices sold is $11,030.00.
Required:
Question 1: 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.)