Question
Figure out the journal entry for.... June 15 Record a sales return and allowance One of the cabinets delivered by Brandon's Cabinet Shop to Ralph
Figure out the journal entry for....
June 15 Record a sales return and allowance
One of the cabinets delivered by Brandon's Cabinet Shop to Ralph Morehead on June 11 was slightly damaged. A credit memo for $214.00, which included 7% sales tax, was issued to the customer, who refused to accept the cabinet. Invoice number: B3454. Credit Memo: CM006. Vendor Number: 11625. (to determine the selling price of the cabinet, divide the total of the credit memo by 1.07)
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Financial Accounting
Authors: Jan R. Williams, Susan F. Haka, Mark S. Bettner, Joseph V. Carcello
12th Edition
0071116796, 978-0071116794
