Question
Barnes and Noble had the following transactions during July of 2020 July 5: sold $20,000 worth of books (800 books) to Kruger Books on account
Barnes and Noble had the following transactions during July of 2020
July 5: sold $20,000 worth of books (800 books) to Kruger Books on account for $25 each. Terms 2/10, net 30, FOB shipping point. The books cost Barnes and Noble $15 each.
July 5: Kruger Books pays $500 to Smith Shipping Co. for the shipment.
Jul 10: 50 of the books are returned by Kruger Books because they received the wrong books.
July 15: Kruger Books pays for the books
A. prepare journal entry for Kruger Books
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Endangered Economies How The Neglect Of Nature Threatens Our Prosperity
Authors: Geoffrey Heal
1st Edition
0231180845, 9780231180849
