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Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Brady Company sold merchandise with an invoice price of $1,400 ($1,100 cost), with terms

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Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Brady Company sold merchandise with an invoice price of $1,400 ($1,100 cost), with terms of 2/10, n/30, to Dalton Company. On September 17, $200 of the merchandise ($150 cost) was returned because it was the wrong model. On September 23, Brady Company received a check for the amount due from Dalton Company. Required 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 Date Sept. 13 Sold merchandise to Dalton Company terms 2/10, 1/30. 13 Cost of merchandise sold to Dalton Company. 17 Merchandise returned by Dalton Company, 17 ost of merchandise returned by Dalton Company 23 Cash Remittance received from Dalton Company

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