Question
Journalizing sales transactions Journalize the following sales transaction for Antique Mall. Explanations are not required. Jan 4 Sold $12,200 of antiques on account, credit terms
Journalizing sales transactions
Journalize the following sales transaction for Antique Mall. Explanations are not required.
Jan 4 | Sold $12,200 of antiques on account, credit terms are 3/25, n/30. Cost of good is $6,400 |
8 | Received a $400 sales return on damaged goods from the customer. Cost of goods damaged is $210. |
13 | Antique Mall receives payment from the customer on the amount due from Jan. 4 less the return and discount \. |
20 | Sold $4,800 of antiques on account, credit terms are 1/10, n/45, FOB destination. Cost of goods $1,200 |
20 | Antique Mall paid $100 on freight out |
25 | Antique Mall negotiated $300 allowance on the goods sold on Jan. 20. |
29 | Receives payment from the customer on the amount due from Jan. 20, less the allowance and discount. |
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