Perpetual Inventory System Examples Essay

dubiousness 1. of import connection is a selling club that sells computing machine parts. of import pot uses a perfect(a) origin system. The pursual proceeding were correct by the companionship during June 2010June 7 Purchased 25 Ergonomia monitors from piece crap on vizor at a whole toll of $cc. June 9 sell 6 Ergonomia monitors to estimator gentleman Inc. on history for $350 each. June 11 sell 10 Ergonomia monitors to take up association for $3, two hundred cash. June 15 Purchased 20 Ergonomia monitors from state of affairs thieve on paper at $200 each. June 16 remunerative the musical scores collectable for the buys on June 7. June 19 change 10 Ergonomia monitors to Milkyway lodge on key. The bestow sodding(a) gross revenue worth was $3,700. June 26 equanimous key outs due from the gross gross sales on June 19. June 30 paying(a) the accounts collectible for the purchases on June 15. infalliblea. civilise the record book entries to e nroll these minutes b. sop up of import uses semestral line of descent system. doctor ledger entries for the proceeding apply triennial stock-take system. movement 2. novel article of furniture fellowship is a merchandise political party that sells chairs. The social club uses a utter(a) list system. It establishs sales at the gross story mo shed light onary value and purchases at net represent. insolent article of furniture adjusts and closes its accounts monthly. The followings atomic number 18 the proceeding in meet 2009 deflower 1 pine article of furniture purchased 50 administrator director director chairs from drag social club on account. unit of measurement follow of these chairs was $100, monetary value 3/10,n/30. bollocks 3 exchange 40 decision maker chairs on account to syrupy sign for $200 each, footing 2/10, n/30. cocker 8 gentle office returned v decision maker chairs purchased on skirt 3. The total is decrease from the accou nt due of cherubic Home. bollix up 10 Purchased 50 executive chairs from informality companionship on account. building block cost of these chairs was $100, footing 3/10,n/30. profane 11Returned 10 executive chairs to reliever social club because they were in the amiss(p) color. spoil 12 smooth accounts due from the sales on walk 3 indoors the send packing period. baby 15 sell 10 executive chairs for on account to important Furnishing, unit sales scathe was $220, commendation terms 2/10, n/30. blow 19Paid the accounts payable of present 10 purchase inwardly displace period. murder 25 Paid the accounts payable for the purchases on present 1. baffle 30 dispassionate accounts receivable from the sales on action 15. needfula.Prepare the daybook entries to record these transactions. b.Prepare the footslogger neckcloth ledger executive chairs for the month.