#11

Question 11 Not yet answered Marked out of 10.0 p Flag question Journalize the transactions. Narratives may be omitted due to time. 10 pts Sept 12 Sold merchandise Inventory on account, $30,000. The cost of the goods sold is $10,000 Sept 15 Gave a customer a cash refund of $4,000 from Sept 12 sale Sept 25 Customer returned $200 worth of inventory. The cost of the merchandise returned is $75. B 1 AY : 52 HE G# COMS 10,000 Merchandise inventory 10.000 sept 15 Costumer refund payable 4,000 account receivable 4,000 sept 25 Customers Hefunds payable 200