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EB 11. LO 6.4 Record journal entries for the following sales transactions of Balloon Depot. begin{tabular}{|l|l|} hline Mar. 8 & Sold570balloonbundlestoacustomeroncreditfor$38perbundle.ThecosttoBalloonDepotwas$25perbundle.Termsofthesaleare3/10,n/30,invoicedatedMarch8. hline Mar. 11
EB 11. LO 6.4 Record journal entries for the following sales transactions of Balloon Depot.
\begin{tabular}{|l|l|} \hline Mar. 8 & Sold570balloonbundlestoacustomeroncreditfor$38perbundle.ThecosttoBalloonDepotwas$25perbundle.Termsofthesaleare3/10,n/30,invoicedatedMarch8. \\ \hline Mar. 11 & Thecustomerreturned70bundlesforafullrefundfromBalloonDepot.BalloonDepotreturnstheballoonstotheirinventoryattheoriginalcostof$25perbundle. \\ \hline Mar. 18 & The customer paid their account in full from the March 8 purchase. \\ \hline \end{tabular}Step by Step Solution
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