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    Journal Entries for entity using a perpetual inventory system.

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    Journal entries of these three problems using perpetual inventory system.

    1) Held office party for retiring accountant. Balloons, hats and refreshments cost $150 and were paid for with office staff contributions.

    2) Company executives appeared on the cover of a national advertising magazine. Related article extolled Gene's labor practices, environmental concerns and customer service.

    3) Market value of Gene's common stock rose by $150,000

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    https://brainmass.com/business/inventory/journal-entries-entity-perpetual-inventory-system-337172

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    1) Held office party for retiring accountant. Balloons, hats and refreshments cost $150 and were paid for with office staff contributions. ...

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