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Fresh Interiors reported the following transactions in June: (Click on the icon to view the transactions.) Read the requirements. Requirement 1. Record the foregoing transactions
Fresh Interiors reported the following transactions in June: (Click on the icon to view the transactions.) Read the requirements. Requirement 1. Record the foregoing transactions in the journal of Fresh Interiors using the gross method. (You do not need to make the cost of sales journal entries; assume that these entries will be made by the company when it makes its other adjusting entries at period end.) (Record debits first, then credits. Exclude explanations from any journal entries.) Jun 2: Sold merchandise on account to Tony Baldwin, $1,300, terms 3/10, n/30. Journal Entry Date Accounts Debit Credit Jun 2 More Info Jun 2 Sold merchandise on account to Tony Baldwin, $1,300, terms 3/10, n/30. Jun 10 Sold merchandise on account to Brent Orchard, $2,200, terms 1/10, n/30. Jun 11 Collected payment from Baldwin for the June 2 sale. Jun 15 Orchard returned $1,600 of the merchandise purchased on June 10. Jun 19 Collected payment from Orchard for the balance of the June 10 sale. Requirements 1. Record the foregoing transactions in the journal of Fresh Interiors using the gross method. (You do not need to make the cost of sales journal entries; assume that these entries will be made by the company when it makes its other adjusting entries at period end.) 2. Calculate the amount of gross sales minus sales discounts for the month of June
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