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June 4 Sunland Company purchased $9.300 worth of merchandise, terms n/30 from Hayes Company. The cost of the merchandise was $6,200. Sunland returned $590 worth
June 4 Sunland Company purchased $9.300 worth of merchandise, terms n/30 from Hayes Company. The cost of the merchandise was $6,200. Sunland returned $590 worth of goods to Hayes for full credit. The goods had a cost of $400 to Hayes 12 Sunland paid the account in full. Assume use of the perpetual inventory system for both companies. (a) Prepare the journal entries to record these transactions in Sunland's books. (Credit account titles are automatically indented when the amount is entered. Do not indent manually . Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation statement) - 750 Date Account Titles and Explanation Debit (To record return of goods) (To record payment) of Accounts Q Que Accou Attempts:0 of 1 used
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