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January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30, n/60. The goods cost Solitare $75. January 6 Sold goods to Spyder Corporation
January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30, n/60. The goods cost Solitare $75. January 6 Sold goods to Spyder Corporation for $90 with terms 5/10, n/60. The goods cost Solitare $65. January 14 Collected cash for the amount due from Wizard Incorporated. February 28 Collected cash for the amount due from Spyder Corporation. Required: Prepare journal entries to record the transactions, assuming Solitare records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the sales on account of $100 to Wizard Incorporated on terms 2/10, n/30. Note: Enter debits before credits. Date General Journal Debit Credit January 06 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the cost of goods sold of $75. Note: Enter debits before credits. Date General Journal Debit Credit January 06 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the sales on account of $90 to Spyder Corporation on terms 2/10, n/30. Note: Enter debits before credits. Date General Journal Debit Credit January 06 Recent cant Un Gel Journal entry worksheet Record the cost of goods sold of $65. Note: Enter debits before credits. Date General Journal Debit Credit January 06 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the receipt of payment in full from Wizard Incorporated Note: Enter debits before credits. Date General Journal Debit Credit January 14 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the receipt of payment in full from Spyder Corporation Note: Enter debits before credits. Date General Journal Debit Credit February 28 Record entry Clear entry View general journal
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