{"id":3770,"date":"2020-10-22T19:17:52","date_gmt":"2020-10-22T19:17:52","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-financialaccounting\/?post_type=chapter&#038;p=3770"},"modified":"2020-10-28T00:57:56","modified_gmt":"2020-10-28T00:57:56","slug":"practice-purchases-and-sales-under-a-perpetual-system","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/chapter\/practice-purchases-and-sales-under-a-perpetual-system\/","title":{"raw":"Practice: Purchases and Sales under a Perpetual System","rendered":"Practice: Purchases and Sales under a Perpetual System"},"content":{"raw":"<div class=\"textbox learning-objectives\">\r\n<h3>Learning OUTCOMES<\/h3>\r\n<ul>\r\n \t<li><span>Record Purchases under a perpetual system<\/span><\/li>\r\n \t<li><span>Record sales of inventory under a perpetual system<\/span><\/li>\r\n<\/ul>\r\n<\/div>\r\nLet's practice a bit more.\r\n\r\n[ohm_question hide_question_numbers=1]204491[\/ohm_question]\r\n\r\n[ohm_question hide_question_numbers=1]204604[\/ohm_question]\r\n\r\n[ohm_question hide_question_numbers=1]204616[\/ohm_question]\r\n\r\n[ohm_question hide_question_numbers=1]204617[\/ohm_question]\r\n\r\n[ohm_question hide_question_numbers=1]204619[\/ohm_question]","rendered":"<div class=\"textbox learning-objectives\">\n<h3>Learning OUTCOMES<\/h3>\n<ul>\n<li><span>Record Purchases under a perpetual system<\/span><\/li>\n<li><span>Record sales of inventory under a perpetual system<\/span><\/li>\n<\/ul>\n<\/div>\n<p>Let&#8217;s practice a bit more.<\/p>\n<p><iframe loading=\"lazy\" id=\"ohm204491\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=204491&theme=oea&iframe_resize_id=ohm204491\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" id=\"ohm204604\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=204604&theme=oea&iframe_resize_id=ohm204604\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" id=\"ohm204616\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=204616&theme=oea&iframe_resize_id=ohm204616\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" id=\"ohm204617\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=204617&theme=oea&iframe_resize_id=ohm204617\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" id=\"ohm204619\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=204619&theme=oea&iframe_resize_id=ohm204619\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-3770\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Practice: Purchases and Sales Under a Perpetual System. <strong>Authored by<\/strong>: Mike Zerrahn. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":349141,"menu_order":15,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Practice: Purchases and Sales Under a Perpetual System\",\"author\":\"Mike Zerrahn\",\"organization\":\"Lumen 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