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Han Solo Co. had the following transactions related to the sale of merchandise inventors during the month of June: Sold merchandise costing $5,500 for $11,000
Han Solo Co. had the following transactions related to the sale of merchandise inventors during the month of June: Sold merchandise costing $5,500 for $11,000 on account to Jabba Co., terms 2/10. n/30. FOB Shipping Point. Jabba Co. paid $180 of shipping charges to Skywalker Delivery Co. Jabba returned $800 of merchandise sold on June 5 (cost $400) for credit. Sold merchandise costing $6,100 for $12,200 on account to Kenobi Co., terms 2/10. n/30. FOB Destination. Han Solo Co. paid $200 of freight charges to Skywalker Delivery Co. In order to match a competitor's price. Han Solo agreed to reduce the sales price of the merchandise sold to Kenobi on June 14 by $500. Received the amount due from Jabba Co.. Received the amount due from Kenobi Co.. Han Solo Co. maintains an accounts receivable subsidiary ledger. A. In the attached general journal, give the journal entries to record the June transactions, assuming that Han Solo Co. uses the perpetual inventory method. B. What are net sales for June? ___
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