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The Following Series of Transactions Occurred During 2015 and 2016

Question 140

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The following series of transactions occurred during 2015 and 2016 when Flip Company sold merchandise to Mara Natha.Flip Company's fiscal year end is December 31,and they use the perpetual inventory system..Assume 28 days in the month of February. The following series of transactions occurred during 2015 and 2016 when Flip Company sold merchandise to Mara Natha.Flip Company's fiscal year end is December 31,and they use the perpetual inventory system..Assume 28 days in the month of February.   Prepare Flip Company's journal entries for the above transactions.Round to 2 decimals. Prepare Flip Company's journal entries for the above transactions.Round to 2 decimals.

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