Answer these questions, based on the debit memorandum shown here. 1. Which company is returning the merchandise?
Question:
Answer these questions, based on the debit memorandum shown here.
1. Which company is returning the merchandise?
2. How many items are being returned?
3. What amount is entered in the journal entry?
4. Which account is debited?
5. Which account is credited?
Transcribed Image Text:
DEBIT MEMORANDUM ROTARY SUPPLY CORPORATION 634 West Washington Avenue, Lincoln, SC 30856 To: K & L Electrical 845 Morgan Street Plantsville, SC 30455 Quantity Item Locking Fixture # 27304-78 Mirror/Reflectors #8935-231 42 Subtotal Tax Total No. 284 Date: May 4, 20-- Invoice No.: 378456 This day we have debited your account as follows: Unit Price $36.95 11.24 Total $ 147.80 22.48 $ 170.28 6.81 $ 177.09
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