Question
Company A ( gross method and periodic) May 6- 1,000 units of inventory credit at $20 per unit 3/15, n/40 May 8-shipped May 12- arrived
Company A ( gross method and periodic) May 6- 1,000 units of inventory credit at $20 per unit 3/15, n/40
May 8-shipped
May 12- arrived and paid 0.60 dollars per unit
May 15-returned 75 units with reimbursement
May 17-paid the rest of inventory
Task: provide all journal entries for purchase freight return reimbursement and payment
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Auditing A Practical Manual For Auditors
Authors: Lawrence Robert Dicksee
1st Edition
1360462546, 978-1360462547
