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invoice for which cash was paid by Red Hawk (Prepare a compound joumal entry) Now journalize the expense related to the September 25 sale-Cost of

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invoice for which cash was paid by Red Hawk (Prepare a compound joumal entry) Now journalize the expense related to the September 25 sale-Cost of goods $540 Sep. 26: After negotiations, granted a $300 allowance to Smithsons for merchandise purchased on Sept Sep. 29: Received payment from Smithsons, less allowance and discount. Sep. 30: Received payment from Johnson Company, less return. Begin by preparing a compound journal entry to journalize the sale and the full amount of the receivable from this transaction. Do (Prepare a compound journal entry.) Now journalize the expense related to the September 25 sale-Cost of goods, $540 on account that cost $540. Ierms of 2/10,n/30 were ottered, +UB shipping point. As a courtesy to Smithsons, $45 of treight was added to the e sale and the full amount of the receivable from this transaction. Do not record the expense related to the sale. We will do that in the following step. le Cost of goods, $540 imithsons for merchandise purchased on September 25 invoice for which cash was paid by Red Hawk (Prepare a compound joumal entry) Now journalize the expense related to the September 25 sale-Cost of goods $540 Sep. 26: After negotiations, granted a $300 allowance to Smithsons for merchandise purchased on Sept Sep. 29: Received payment from Smithsons, less allowance and discount. Sep. 30: Received payment from Johnson Company, less return. Begin by preparing a compound journal entry to journalize the sale and the full amount of the receivable from this transaction. Do (Prepare a compound journal entry.) Now journalize the expense related to the September 25 sale-Cost of goods, $540 on account that cost $540. Ierms of 2/10,n/30 were ottered, +UB shipping point. As a courtesy to Smithsons, $45 of treight was added to the e sale and the full amount of the receivable from this transaction. Do not record the expense related to the sale. We will do that in the following step. le Cost of goods, $540 imithsons for merchandise purchased on September 25

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