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Record the sales transaction before the cost transaction

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Question - On December 6, 2019, Grocery Wholesalers purchased $2,310 worth of dried fruit inventory plus $180 for freight charges on account. On December 15, Grocery Wholesalers sold all of the dried fruit inventory to Retail Grocers for $4,930 on account. As the bookkeeper for Grocery Wholesalers, journalize the transactions using the perpetual inventory system. Prepare the journal entries for Grocery Wholesalers on December 6 and 15 respectively. Record the sales transaction before the cost transaction.

Reference no: EM132910195

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