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Question
Please use excel to journalize each of the following transactions
All journal entries are assumed to be on the period system.
1) PLU company purchased $10,000 worth of fruit on credit. PLU is a grocery store.
2) PLU sold $2,500 worth of fruit to its customers on October 3, 20xx.
3) PLU sold $7,000 worth of inventory to its customers on October 7, 20xx.
4) PLU purchases $20,000 worth additional fruit from its supplier using cash on October 15, 20xx.
5) What is the ending balance in PLU's inventory account?
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