Moco begins operations in april uses the perpetual method, Financial Accounting

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Moco begins operations in april uses the perpetual method

MoCo begins operations in April, uses the perpetual method, and records merchandise at net. MoCo makes two purchases on account Terms are 1/15,n/45. on April 4, MoCo purchases merchandise for $3,000, which it pays on April 16. On April 11 makes a $9,000 purchase that it pays for on April 29, but there are no sales in April. On April 30, the balance in MoCo's inventory ledger account is?

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Financial Accounting: Moco begins operations in april uses the perpetual method

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