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Nov 8 Accepted a return of damaged merchandise from Juan Velasco, a credit customer and issued Credit Memorandum 629 for $1,264, which includes sales tax
Nov 8 Accepted a return of damaged merchandise from Juan Velasco, a credit customer and issued Credit Memorandum 629 for $1,264, which includes sales tax of $64. The original sale was made on Sales Slip 9492 on October 31. Nov 22 Gave an allowance to Betty Nelson, a credit customer, for merchandise that was slightly damaged but usable. Issued Credit Memorandum 630 for $268, which includes sales tax of $18. The original sale was made on Sales Slip 9524 on November 18.
The following transaction of Tank's Perfect Treats occurred in November. DATE TRANSACTIONS Accepted a return of damaged merchandise from Juan Velasco, a credit customer and issued Credit Nov 8 Memorandum 629 for $1,264, which includes sales tax of \$64. The original sale was made on Sales Slip 9492 on October 31. Gave an allowance to Betty Nelson, a credit customer, for merchandise that was slightly damaged but Nov 22 usable. Issued Credit Memorandum 630 for $268, which includes sales tax of $18. The original sale was made on Sales Slip 9524 on November 18. Prepare journal entries to record the above transactionsStep by Step Solution
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