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Journal Entries for Merchandise Transactions on Seller's and Buyer's Books- Perpetual System The following transactions occurred between the Decker Company and Mann Stores, Inc., during
Journal Entries for Merchandise Transactions on Seller's and Buyer's Books- Perpetual System The following transactions occurred between the Decker Company and Mann Stores, Inc., during March: \begin{tabular}{|c|c|l|} \hline Mar. & 8 & Decker sold $18,200 worth of merchandise ($13,800 cost) to Mann Stores with terms of 2/10,n/30. \\ \hline 10 & Mann Stores paid freight charges on the shipment from Decker Company, $250. \\ \hline 12 & Mann Stores returned $1,250 of the merchandise ( $850 cost) shipped on March 8. \\ \hline 17 & Decker received full payment for the net amount due from the March 8 sale. \\ \hline 20 & Mann Stores returned goods that had been billed originally at $500 ( $400 cost). Decker issued a check for $490. \\ \hline \end{tabular} Required Prepare the necessary journal entries for (a) the books of Decker Company and (b) the books of Mann Stores, Inc. Assume that both companies use the perpetual inventory system
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