d

Larkspur Supplies Company sold 3,340 metal connectors on account to Door Incorporated for $191 each on September 15 . Each metal connector costs Larkspur $144 to make. Door has 60 days to return the unused goods. On September 29 , Door returns 41 connectors. Larkspur has a September 30 fiscal year end. At year end, Larkspur believes 66 connectors is a good estimate of the total that will be returned. The cost of recovering these products is immaterial. Larkspur expects to be able to resell these goods for a profit. Larkspur Supplies Company uses a perpetual inventory. (a) Prepare the journal entries to record the initial sales on September 15 for Larkspur Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Prepare the journal entries to record the return of goods on September 29 for Larkspur Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Larkspur Supplies Company sold 3,340 metal connectors on account to Door Incorporated for $191 each on September 15 . Each metal connector costs Larkspur $144 to make. Door has 60 days to return the unused goods. On September 29, Door returns 41 connectors. Larkspur has a September 30 fiscal year end. At year end, Larkspur believes 66 connectors is a good estimate of the total that will be returned. The cost of recovering these products is immaterial. Larkspur expects to be able to resell these goods for a profit. Larkspur Supplies Company uses a perpetual inventory. (a) Your answer is correct. Prepare the journal entries to record the initial sales on September 15 for Larkspur Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)