On February 9, Sophisticated Kitchens, a retail store, received Credit Memorandum 244 for $4,320 from M &

Question:

On February 9, Sophisticated Kitchens, a retail store, received Credit Memorandum 244 for $4,320 from M & J Appliance Corporation. The credit memorandum covered a return of damaged trash compactors originally purchased on Invoice 4101 dated January 3. Prepare the general journal entry that Sophisticated Kitchens would make for this transaction.