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26. Paradise Flowers Co., a florist wholesaler sells merchandise to Best Buds Co. on account, $5,000 terms n 30. of the merchandise sold is $3.500.

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26. Paradise Flowers Co., a florist wholesaler sells merchandise to Best Buds Co. on account, $5,000 terms n 30. of the merchandise sold is $3.500. Paradise Flowers Co issues a credit memo for $800 for merchandise returned prior to Best Buds Co. paying the original invoice. The cost of merchandise returned is $550. Record the following transactions, in good form, of the seller (a) The sale including the cost of merchandise sold. (b) The credit memo including the cost of the merchandise returned. (c) The receipt of the check for the amount due from Best Buds Co. JOURNAL PAGE DATE POST DESCRIPTION DEBIT CREDIT REF

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