28.

(b) Tamarisk Company sold merchandise to Moore Company on account for $82,000 with credit terms of ?/10 n/30. The cost of the merchandise sold was $ 62,000. During the discount period, Moore Company returned $ 4,300 of merchandise and paid its account in full (minus the discount) by remitting $ 75,369 in cash. Both companies use a perpetual inventory system. Prepare the journal entries that Tamarisk Company made to record the: (1) (2) sale of merchandise return of merchandise collection on account (3) (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually) No. Account Titles and Explanation Debit Credit (1) (To record credit sale) (To record cost of good sold) (2) /9 -