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Carla Vista Company is presently testing a number of new agricultural seed planters that it has recently developed. To stimulate interest, it has decided to
Carla Vista Company is presently testing a number of new agricultural seed planters that it has recently developed. To stimulate interest, it has decided to grant to five of its largest customers the unconditional right of return of these products if not fully satisfied. The right of return extends for months. Carla Vista estimates returns of Carla Vista sells these planters on account for $cost $ on January Customers are required to pay the full amount due by March a Your answer has been saved. See score details after the due date. Prepare the joumal entry for Carla Vista at January Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Date Aocount Trtles and Explanation Debit Gredit Jan Accounts Recelvable Sales Revenue To recognize revenue. Cost of Goods Sold Inventory To record cost of goods sold. List of Accounts Attempts: of used b Assume that one customer returns planters on March due to unsatisfactory performance. Prepare the journal entry to record this transaction, assuming this customer purchased $ of planters from Carla Vista. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem. Date Aocount Titles and Explanation Debit Credi an To record sales returns Aar.
Carla Vista Company is presently testing a number of new agricultural seed planters that it has recently developed. To stimulate interest, it has decided to grant to five of its largest customers the unconditional right of return of these products if not fully satisfied. The right of return extends for months. Carla Vista estimates returns of Carla Vista sells these planters on account for $cost $ on January Customers are required to pay the full amount due by March
a
Your answer has been saved. See score details after the due date.
Prepare the joumal entry for Carla Vista at January Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter for the amounts. List all debit entries before credit entries.
Date
Aocount Trtles and Explanation
Debit
Gredit
Jan
Accounts Recelvable
Sales Revenue
To recognize revenue.
Cost of Goods Sold
Inventory
To record cost of goods sold.
List of Accounts
Attempts: of used
b
Assume that one customer returns planters on March due to unsatisfactory performance. Prepare the journal entry to record this transaction, assuming this customer purchased $ of planters from Carla Vista. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.
Date
Aocount Titles and Explanation
Debit
Credi
an
To record sales returns
Aar.
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