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ignment & Part 1 of 7 Points: 0 of 2 Save Twilight Jewelry sels to retailers who then resell the products. Twilight does not
ignment & Part 1 of 7 Points: 0 of 2 Save Twilight Jewelry sels to retailers who then resell the products. Twilight does not offer sales discounts for early payment; it asks that customers pay in full within 15 days or at the point of sale with a credit card. The company had the following selected transactions during July (Click the icon to view the transactions.) Read the requirements More info Requirement 1. Journa any journal entries.) ntries) (Record debits first, then credits Exclude explanations from July 2 July 2: Sold $30,000 of July 3 Sold $30,000 of merchandise to Odette Jewels on account. Sold $13,000 of merchandise to Bradford Crystals, which paid by credit card. The credit card company charges Twilight a fee of 1% on credit card sales. Date July 2 July 16 Odette Jewels paid the balance of what it owed for the purchase on July 2 July 17 July 19 Sold $40,000 of merchandise to Pagala Stones on account Pagala Stones noticed that some of the merchandise received was damaged, so it returned $5,500 worth of merchandise to Twilight. July 30 Pagala Stones paid the balance of what it owed for the purchase on July 17. Print Done
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