PERPETUAL SYSTEM !!Please help me answer this assignment with the PERPETUAL SYSTEM.Part 1. Read the following case, make the wage entries and the process of recording the transactions (posting) in the individual account book (ledger).Miguel Vega has a music equipment sales business called Music Sound. During the month of February the following transactions occurred:Date Transaction(February)2 $ 15,000 worth of speakers was purchased to sell at the business outside of the discount period.4 Of the speakers purchased on Day 2, 4 were returned at a cost of $ 500 each to the seller because they were damaged.6 15 amplifiers were purchased for sale on credit with a value of $ 4,000 with a payment term of 2/10 n / 30.10 A sale was made to a customer of 5 amplifiers for $ 2,000.12 Payment of the purchase of the 6th was made in full.15 Music Sound made a credit sale for $ 5,500 to a customer with a term of 3/10 n / 30. The cost of the merchandise was $ 3,500.18 The customer who purchased merchandise on the 15th returned $ 500 worth of merchandise because it was defective. The cost of the merchandise was $ 320.20 The customer who made the purchase on the 15th paid in full with the corresponding discount.Part 2. Using the information from part 1, make closing entries in the general ledger and ledgers for each account.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more