Question
I'm having trouble on the journal entry for this problem? (a)On March 2, Carla Vista Co. sold $931,800 of merchandise to Wildhorse Co., terms2/10, n/30.
I'm having trouble on the journal entry for this problem?
(a)On March 2, Carla Vista Co. sold $931,800 of merchandise to Wildhorse Co., terms2/10, n/30. The cost of the merchandise sold was $565,700.
(b)On March 6, Wildhorse Co. returned $119,500 of the merchandise purchased on March 2. The cost of the merchandise returned was $63,600.
(c)On March 12, Carla Vista Co. received the balance due from Wildhorse Co..
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
