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Asia Company sold $19,000 of goods to Euro Company on credit on May 1. At the time of the sale, Asia recorded a debit to
Asia Company sold $19,000 of goods to Euro Company on credit on May 1. At the time of the sale, Asia recorded a debit to Accounts Receivable and a credit to Sales Revenue for $19,000. Terms were 2/10,n/30. Required: Prepare the journal entries Asia Company would record for each of the following independent situations: Euro paid the balance due, less the discount, on May 10. Euro returned half of the goods for credit on May 4. Euro paid the balance due, less the discount, on May 10. . Euro paid its bill on May 30 (there were no sales returns). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Asia Company sold $19,000 of goods to Euro Company on credit on May 1 . At the time of the sale, Asia recorded a debit to Accounts Receivable and a credit to Sales Revenue for $19,000. Terms were 2/10,n/30. Required: Prepare the journal entries Asia Company would record for each of the following independent situations: Euro paid the balance due, less the discount, on May 10. 3. Euro returned half of the goods for credit on May 4. Euro paid the balance due, less the discount, on May 10. c. Euro paid its bill on May 30 (there were no sales returns). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Euro returned half of the goods for credit on May 4. Note: Enter debits before credits. Asia Company sold $19,000 of goods to Euro Company on credit on May 1 . At the time of the sale, Asia recorded a debit to Accounts Receivable and a credit to Sales Revenue for $19,000. Terms were 2/10,n/30. Required: Prepare the journal entries Asia Company would record for each of the following independent situations: 4. Euro paid the balance due, less the discount, on May 10. 3. Euro returned half of the goods for credit on May 4. Euro paid the balance due, less the discount, on May 10. C. Euro paid its bill on May 30 (there were no sales returns). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Required: Prepare the journal entries Asia Company would record for each of the following independent situations: A. Euro paid the balance due, less the discount, on May 10. B. Euro returned half of the goods for credit on May 4. Euro paid the balance due, less the discount, on May 10. C. Euro paid its bill on May 30 (there were no sales returns). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field Journal entry worksheet Euro paid its bill on May 30 (there were no sales returns). Note: Enter debits before credits
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