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1. Record journal entries for the following transactions of Furniture Warehouse. A. Aug. 3: Sold 15 couches at $113 each to a customer, credit terms
1. Record journal entries for the following transactions of Furniture Warehouse. A. Aug. 3: Sold 15 couches at $113 each to a customer, credit terms 3/15, n/30, invoice date August 3; the couches cost Furniture Warehouse $13 each. B. Aug. 8: Customer returned 2 couches for a full refund. The merchandise was in sellable condition at the original cost. C. Aug. 18: Customer paid their account in full with cash
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