Question
Caluclate, sales reveunes, sales and return allowances, sales discount, and costs of goods sold for the following information July 12 Rockland sold merchandise to Kristina
Caluclate, sales reveunes, sales and return allowances, sales discount, and costs of goods sold for the following information
July 12
Rockland sold merchandise to Kristina Zee at its factory store. Kristina paid for the $750 purchase in cash. The goods cost Rockland $430. | |
15 | Sold merchandise to Shoe Express at a selling price of $7,500, with terms 3/10, n/30. Rocklands cost was $4,100. |
20 | Collected cash due from Shoe Express. |
21 | Sold merchandise to Fleet Foot Co. at a selling price of $2,900, with terms 2/10, n/30. Rocklands cost was $1,650. |
23 | Fleet Foot Co. returned $1,900 of shoes and promised to pay for the remaining goods in August. The returned shoes were in perfect condition and had cost Rockland $1,050. |
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