Journal Entries for Sale, Return, and Remittance-Perpetual System

Course Home Chapter 6 As sCourse Menu UESTION 1 Nor complete Marked out of 1,00 Flag question Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Brady Company sold merchandise with an invoice price of $2,200 ($1,900 cost) with terms of 2/10, n/30, to Dalton Company. On September 17, $300 of the merchandise ($250 cost) was returned because it was the wrong model. On September 23, Brady Company received a check for the amount due from Dalton Company Prepare the journal entries made by Brady Company for these transactions. Brady uses the perpetual inventory system. Round your answers to the nearest dollar General Journal Description Debit Credit Sept. 13 Sold merchandise to Dalton Company terms 2/10, v30 Cost of merchandise sold to Dalton Company MacBook Air 2 3 4 6 E Menu Cost of merchandise sold to Dalton Company 17 Merchandise returned by Dalton Company 17 Cost of merchandise returned by Dalton Company 23 Cash Remittance received from Dalton Company Check Save Answers 2 MacBookA