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1. inventories costing $1,500. Credit terms were 3/10, n/30. Freight was FOB shipping point and was paid by cash for $10. 2. Jan 5, 2020.
| 1. | ||||||||
| inventories costing $1,500. Credit terms were 3/10, n/30. Freight was | ||||||||
| FOB shipping point and was paid by cash for $10. | ||||||||
| 2. | Jan 5, 2020. Ray Jones Store returned damaged inventories valued at $600 | |||||||
| 3. | Jan 12, 2020. Ray Jones Store settled the account. | |||||||
| 4. | Let's assumed Ray Jones Store settled the account on March 9th, what would be the | |||||||
| journal entries? | ||||||||
| Please prepare all 4 journall entries. | ||||||||
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 1
1119048508, 978-1119048503
