Journal entry worksheet Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $10 cash per unit (for a total cost of $20,000 ). Note: Enter debits before credits. Journal entry worksheet Macy discovers that 200 units are scuffed but are still of use and, therefore, keeps the units. Allied gives a price reduction (allowance) and credits Macy's accounts receivable for $300 to compensate for the damage. Note: Enter debits before credits. Journal entry worksheet 22345 Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount. Note: Enter debits before credits. Journal entry worksheet Allied restores the units, which cost $1,250, to its inventory. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet Allied sold 1,500 of the units in inventory for $14 per unit (invoice total: $21,000) to Macy Company under credit terms 2/10,n/60. Note: Enter debits before credits. Journal entry worksheet Macy returns 125 units because they did not fit the customer's needs (invoice amount: $1,750). Note: Enter debits before credits