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Assume that Homex Co. on May 1, 2020 , sells merchandise on account to Carver Company for $1,500 terms 4/10,n/30. On May 6 , Carver

Assume that Homex Co. on May 1, 2020, sells merchandise on account to Carver Company for $1,500 terms 4/10,n/30.

On May 6, Carver returns merchandise worth $150 to Homexr Co.

On May 8, Homex receives payment from Carver Company for the balance due.

Instructions:

Prepare the journal entry to record the previous transactions on the books of Homex Co.

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