The following sale related transactions for PDR, Inc., occurred during the month of June. Requirement 1. Journalize
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The following sale related transactions for PDR, Inc., occurred during the month of June.
Requirement 1. Journalize the transactions for PDR, Inc. Omit explanations.
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Jun 3 Sold $3,200 (cost $2,100) of merchandise on account to J. Henderson. Terms, 2/15, n/45, FOB destination. 4 Paid $250 to ship the goods sold on June 3 to J. Henderson. 10 17 22 Sold $1,800 (cost $1,200) of merchandise to cash customers. Received payment in full from J. Henderson for the June 3 sale. Sold $4,700 (cost $3,100) of merchandise to M. Perez. Terms, 3/10, n/30, FOB shipping point.. 26 Granted M. Perez a $600 allowance on the June 22 sale due to minor defects in the goods shipped. 30 Received payment in full from M. Perez for the June 22 sale.
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