{"id":196,"date":"2024-09-06T16:47:23","date_gmt":"2024-09-06T16:47:23","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/practice-periodic-inventory-system\/"},"modified":"2024-09-09T22:24:52","modified_gmt":"2024-09-09T22:24:52","slug":"practice-periodic-inventory-system","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/practice-periodic-inventory-system\/","title":{"raw":"Practice: Periodic Inventory System","rendered":"Practice: Periodic Inventory System"},"content":{"raw":"<section class=\"textbox learningGoals\" aria-label=\"Learning Goals\">\r\n<ul>\r\n \t<li>Record purchases under a periodic system<\/li>\r\n \t<li>Record purchase returns and allowances and purchase discounts under a periodic system<\/li>\r\n \t<li>Record sales of inventory under a periodic system<\/li>\r\n<\/ul>\r\n<\/section>Let's practice a bit more.\r\n\r\n<section class=\"textbox tryIt\" aria-label=\"Try It\">[ohm_question hide_question_numbers=1]204622 [\/ohm_question]\r\n\r\n[ohm_question hide_question_numbers=1]204623[\/ohm_question]\r\n\r\n[ohm_question hide_question_numbers=1]204624[\/ohm_question]\r\n\r\n[ohm_question hide_question_numbers=1]204625[\/ohm_question]\r\n\r\n<\/section>&nbsp;\r\n\r\n&nbsp;","rendered":"<section class=\"textbox learningGoals\" aria-label=\"Learning Goals\">\n<ul>\n<li>Record purchases under a periodic system<\/li>\n<li>Record purchase returns and allowances and purchase discounts under a periodic system<\/li>\n<li>Record sales of inventory under a periodic system<\/li>\n<\/ul>\n<\/section>\n<p>Let&#8217;s practice a bit more.<\/p>\n<section class=\"textbox tryIt\" aria-label=\"Try It\"><iframe loading=\"lazy\" id=\"ohm204622\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=204622&theme=lumen&iframe_resize_id=ohm204622&source=tnh\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" 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