Question
On April 4, Fignola Company (FC) sold sweaters to one of its customersfor $65,000 on credit terms of 3/15, net 30. On April 8, the
On April 4, Fignola Company (FC) sold sweaters to one of its customersfor $65,000 on credit terms of 3/15, net 30. On April 8, the customer contacted FC to say that the sweater colors did not match their original order. FC reached an agreement with the customer to keep the shipment and FC granted the customer a price reduction of $3,000. The customer paid the outstanding bill on April 15. The journal entry to be made by FC on April 15 is ?
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OM4 operations management
Authors: David Alan Collier, James R. Evans
4th edition
1133372422, 978-1285701011, 1285701011, 978-0357228739, 978-1133372424
