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Accounting for Sales Transactions Kate Company uses the perpetual inventory system. Record the journal entries for the following transactions: a. On July 16, Kate sold

Accounting for Sales Transactions Kate Company uses the perpetual inventory system. Record the journal entries for the following transactions:

a. On July 16, Kate sold $600 of merchandise with terms of 2/10, n/30. The cost of the merchandise was $360.

b. On July 19, the customer returned $100 of the merchandise from (a). The cost of the merchandise was $60.

c. On July 22, the customer paid the entire balance due to Kate.

General Journal
Ref. Description Debit Credit
a. AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer
AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer
To record sale of merchandise.
AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer
AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer
To record cost of merchandise sold.
b. AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer
AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer
To record return of merchandise sold.
AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer
AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer
To record cost of merchandise sold.
c. Cash Answer
Answer
AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer
AnswerAccounts receivableCashCost of goods soldInventorySales discountsSales returnsSales revenue
Answer
Answer

Please help with part C!!!!

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