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Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Tomas Company sold merchandise with an invoice price of $1,200 ($600 costs with
Journal Entries for Sale, Return, and Remittance-Perpetual System On September 13, Tomas Company sold merchandise with an invoice price of $1,200 ($600 costs with terms of 2/10, n/30, to Dalton Company. On September 17, $250 of the merchandise ($80 cost) was returned because it was the wrong model. On September 23, Tomas Company received a check for the amount due from Dalton Company Required Prepare the journal entries made by Tomas Company for these transactions. Tomas uses the perpetual inventory system. Round your answers to the nearest dollar. Date Sept 13 General journal Description Sold merchandise Dalton Company 2103 13 Cost of merchandise sold to Dalton Company 17 2 Merchandise returned by Datin Company 17 Cost of merchandise returned by Dalton Company 23 Ca Remittance received from Catan Company Debit Credi
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