Journal Entries Under the Perpetual Inventory System Bhushan Building Supplies entered into the following transactions. June 1 Purchased merchandise on account from Brij Builder's Materials, $30,000....

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Journal Entries Under the Perpetual Inventory System<br>Bhushan Building Supplies entered into the following transactions.<br>June 1 Purchased merchandise on account from Brij Builder's Materials, $30,000.<br>3 Purchased merchandise for cash, $24,000.<br>5 Sold merchandise on account to Champa Construction for $50,000. The merchandise cost $37,500.<br>Prepare journal entries under the perpetual inventory system.<br>Page: 1<br>DOC. POST.<br>DATE<br>ACCOUNT TITLE<br>DEBIT<br>CREDIT<br>NO.<br>REF.<br>20--<br>June 1<br>4<br>June 3<br>4<br>6.<br>7 June 5<br>7<br>8.<br>8.<br>9.<br>6.<br>10 June 5<br>10<br>11<br>11<br>1.<br>3.<br>2.<br>3.<br>56<br>

Extracted text: Journal Entries Under the Perpetual Inventory System Bhushan Building Supplies entered into the following transactions. June 1 Purchased merchandise on account from Brij Builder's Materials, $30,000. 3 Purchased merchandise for cash, $24,000. 5 Sold merchandise on account to Champa Construction for $50,000. The merchandise cost $37,500. Prepare journal entries under the perpetual inventory system. Page: 1 DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- June 1 4 June 3 4 6. 7 June 5 7 8. 8. 9. 6. 10 June 5 10 11 11 1. 3. 2. 3. 56

Jun 10, 2022

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Journal Entries Under the Perpetual Inventory System Bhushan Building Supplies entered into the following transactions. June 1 Purchased merchandise on account from Brij Builder's Materials, $30,000....

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