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Journalize the transaction on the books of both companies

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Reference no: EM132664625

Ayayai Company buys merchandise on account from Blue Spruce Corp.. The selling price of the goods is $1,530, and the cost of the goods is $1,210. Both companies use perpetual inventory systems.

Problem 1: Journalize the transaction on the books of both companies. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132664625

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