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

On September 13, Brady Company sold merchandise with an invoice price of $1,200 ($900 cost), with terms of 2/10, n/30, to Dalton Company. On September 17, $180 of the merchandise ($130 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
Date		Description	Debit	Credit
Sept.	13	AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		Sold merchandise to Dalton Company terms 2/10, n/30.
	13	AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		Cost of merchandise sold to Dalton Company.
	17	AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		Merchandise returned by Dalton Company.
	17	AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		Cost of merchandise returned by Dalton Company.
	23	Cash	Answer	Answer
		AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		AnswerAccounts ReceivableCashCost of Goods SoldInventorySales DiscountsSales Returns and AllowancesSales Revenue	Answer	Answer
		Remittance received from Dalton Company.