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general ledger journal entry for the following transactions: - sold 20000 merchandise to WG company. credit terms were 2/10, n/30, FOB shipping point. cost of
general ledger journal entry for the following transactions:
- sold 20000 merchandise to WG company. credit terms were 2/10, n/30, FOB shipping point. cost of goods sold was 8000. sales tax was 7% not included in the price. paid 100$ to UPS to ship merchandise to WG company (6/15 transaction date)
-collected from WG company for the above sale (6/23 transaction date)
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