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A seller uses a perpetual inventory system, and on April 13. a customer discovers that merchandise previously purchased is defective. The buyer decides to keep
A seller uses a perpetual inventory system, and on April 13. a customer discovers that merchandise previously purchased is defective. The buyer decides to keep the defective merchandise and the seller allows S15 price reduction, paid in cash to the buyer Complete the journal entry to record the allowance granted to the buyer by selecting the account names from the drop-down menus end entering the dollar amounts in the debit or credit columns View truncation et Journal entry worksheet A seller uses a perpetual inventory system, and on April 16, a customer discovers that merchandise previously purchased is defective. The buyer decides to keep the defective merchandise and the seller allows a $15 price reduction, paid in cash to the buyer. Note: Enter debits before credits Date General Journal Debit Credit April 18 Record entry Clear entry View general Journal
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