Journalize the above transactions in a general journal using the perpetual inventory method. If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDIT...

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Extracted text: Journalize the above transactions in a general journal using the perpetual inventory method. If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDIT REF. 1 July 5 3 July 8 4 4 July 12 6. 7 July 12 8. 8. 9. July 15 10 10 11 11 July 22 12 12 13 13 July 22 14 14 6.


Extracted text: Bill Blumberg owns an auto parts business called Bill's Auto Parts. The following transactions took place during July of the current year. July 5 Purchased merchandise on account from Wheeler Warehouse, $4,300. 8 Paid freight charge on merchandise purchased, $230. 12 Sold merchandise on account to Big Time Spoiler, $3,500. The merchandise cost $2,500. 15 Received a credit memo from Wheeler Warehouse for merchandise, $670. 22 Issued à credit memo to Big Time Spoiler for merchandise returned, $820. The cost of the merchandise is $550. Required: 1. Journalize the above transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CRELIT REF. 1 July 5 1 2 3 July 8 3 4. 4 5 July 12 6. 6. 7 July 15 7 8. 8 Julv 22 9. 100 III