Question
I have two questions regarding my Systems Understanding Aid project. I just need help with what journals do I record the transactions, which accounts and
I have two questions regarding my Systems Understanding Aid project. I just need help with what journals do I record the transactions, which accounts and what amounts. Here are the questions.
12/26/2017: Made a special promotional sale on account to Rosemont University. Waren agreed to a 20% reduction in the selling prices of the following items:
Quantity Item No. Description
49 BA-054 Premium aluminum bat
22 BA-807 Pitching machine
12/28/2017: Received check No. 14002 for $12,293.12 from Rosemont University in payment of the promotional sale on account made December 26
- Recall that the original ale was made at a 20% discount
- Because Rosemont paid within ten days of the original sale, be sure to record the applicable discount
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