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b. On September 10, Thomas & Perez paid the amount owing. BE8.3 (LO 1) AP Record the following transactions on the books of Fowler Co.:
b. On September 10, Thomas & Perez paid the amount owing. BE8.3 (LO 1) AP Record the following transactions on the books of Fowler Co.: Record accounts receivable transactions. a. On May 1, Fowler Co. sold merchandise on account to Kaneva Inc. for $30,000, terms 2/10,n/30. Ignore any entries that affect inventory and cost of goods sold for the purposes of this question. b. On June 30, Fowler Co. charged Kaneva Inc. one month's interest for the overdue account. Fowler charges 10% on overdue accounts. c. On July 5, Kaneva paid the amount owing to Fowler Co. BE8.4 (LO 1) AP On August 7, Imports to You Co. sold merchandise with a cost of $250 for $600 to Jade Biggs
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