On December 28, 20Y3, Silverman Enterprises sold $20,000 of merchandise to Beasley Co with terms n 30 The cost of the goods sold was $11,400 On December 31, 20Y3, Silverman prepared its adjusting entries, yearly financial statements, and closing entries On January 3, 20Y4, Silverman Enterprises issued Beasley Co a credit memo for returned merchandise The invoice amount of the returned merchandise was $4,000 and the merchandise originally cost Silverman Enterprises $2,250 Question Content Area a Journalize the entries by Silverman Enterprises to record the December 28, 20Y3, sale If an amount box does not require an entry, leave it blank Date Account Debit Credit 20Y3 Dec 28 Accounts Receivable Beasley Co CashCustomer Refunds PayableEstimated Returns InventorySales Select Select Accounts Receivable Beasley Co CashCustomer Refunds PayableEstimated Returns InventorySales Select Select 20Y3 Dec 28 CashCost of Goods SoldCustomer Refunds PayableEstimated Returns InventoryInventory Select Select CashCost of Goods SoldCustomer Refunds PayableEstimated Returns InventoryInventory Select Select Question Content Area b Journalize the entries by Silverman Enterprises to record the merchandise returned by Beasley Co on January 3, 20Y4 If an amount box does not require an entry, leave it blank Date Account Debit Credit 20Y4 Jan 3 Accounts Receivable Beasley Co CashCost of Goods SoldCustomer Refunds PayableIncome tax Expense Select Select Accounts Receivable Beasley Co CashCost of Goods SoldCustomer Refunds PayableIncome tax Expense Select Select 20Y4 Jan 3 CashCost of Goods SoldEstimated Returns InventoryInventorySales Select Select CashCost of Goods SoldEstimated Returns InventoryInventorySales Select Select Question Content Area c Journalize the entry to record the receipt of the amount due by Beasley Co on January 7, 20Y4 If an amount box does not require an entry, leave it blank Date Account Debit Credit 20Y4 Jan 7 Accounts Receivable Beasley Co CashCustomer Refunds PayableEstimated Returns InventorySales Select Select Accounts Receivable Beasley Co CashCustomer Refunds PayableEstimated Returns InventorySales Select Select

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On December 28, 20Y3, Silverman Enterprises sold $20,000 of merchandise to Beasley Co. with terms n/30. The cost of the goods sold was $11,400. On

On December 28, 20Y3, Silverman Enterprises sold $20,000 of merchandise to Beasley Co. with terms n/30. The cost of the goods sold was $11,400. On December 31, 20Y3, Silverman prepared its adjusting entries, yearly financial statements, and closing entries. On January 3, 20Y4, Silverman Enterprises issued Beasley Co. a credit memo for returned merchandise. The invoice amount of the returned merchandise was $4,000 and the merchandise originally cost Silverman Enterprises $2,250.

Question Content Area

a. Journalize the entries by Silverman Enterprises to record the December 28, 20Y3, sale. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
20Y3 Dec. 28	Accounts Receivable-Beasley Co.CashCustomer Refunds PayableEstimated Returns InventorySales	- Select -	- Select -
	Accounts Receivable-Beasley Co.CashCustomer Refunds PayableEstimated Returns InventorySales	- Select -	- Select -
20Y3 Dec. 28	CashCost of Goods SoldCustomer Refunds PayableEstimated Returns InventoryInventory	- Select -	- Select -
	CashCost of Goods SoldCustomer Refunds PayableEstimated Returns InventoryInventory	- Select -	- Select -

Question Content Area

b. Journalize the entries by Silverman Enterprises to record the merchandise returned by Beasley Co. on January 3, 20Y4. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
20Y4 Jan. 3	Accounts Receivable-Beasley Co.CashCost of Goods SoldCustomer Refunds PayableIncome tax Expense	- Select -	- Select -
	Accounts Receivable-Beasley Co.CashCost of Goods SoldCustomer Refunds PayableIncome tax Expense	- Select -	- Select -
20Y4 Jan. 3	CashCost of Goods SoldEstimated Returns InventoryInventorySales	- Select -	- Select -
	CashCost of Goods SoldEstimated Returns InventoryInventorySales	- Select -	- Select -

Question Content Area

c. Journalize the entry to record the receipt of the amount due by Beasley Co. on January 7, 20Y4. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
20Y4 Jan. 7	Accounts Receivable-Beasley Co.CashCustomer Refunds PayableEstimated Returns InventorySales	- Select -	- Select -
	Accounts Receivable-Beasley Co.CashCustomer Refunds PayableEstimated Returns InventorySales	- Select -	- Select -