Question
1. sold merchandise costing $36,400 for $75,800 on account. 2. delivered the goods under terms fob destination freight cost were $390 cash. 3. received return
1. sold merchandise costing $36,400 for $75,800 on account. 2. delivered the goods under terms fob destination freight cost were $390 cash. 3. received return Goods the goods cost the company $1,880 and we're sold back to the company for $3,930. 4. granted the company $1,080 allowance for damaged goods that the company agreed to keep. 5. collected partial payment of $53,100 cash from accounts receivable.
provide a financial statement with the following tabs cash, accounts receivable, inventory, common stock, retained earnings, Revenue, expenses, net income, and statement of cash flow.
also prepare a income statement a balance sheet and a statement of cash flow
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