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On March 1, Dilbert Inc sells 2,000 units to Tundra Inc for $5/unit or a total of $10,000. Dilbert's cost is $3/unit. On March 10,
On March 1, Dilbert Inc sells 2,000 units to Tundra Inc for $5/unit or a total of $10,000. Dilbert's cost is $3/unit. On March 10, Tundra requests and receives an allowance of $500 because some of the units are imperfect. What is Dilbert's journal entry to record the $500 allowance provided? DR: Sales Returns and Allowances CR: Accounts Receivable 500 DR: Cost of Good Sold 300 CR: No Entry 500 0 On March 1, Dilbert Inc sells 2,000 units to Tundra Inc for $5/unit or a total of $10,000. Dilbert's cost is $3/unit. On March 5, Tundra returns 300 units because they are the wrong size for Tundra's customers. What is Dilbert's journal entry to record the return? DR: [Select] CR: [Select] DR: [Select] V [Select] [Select] [Select] CR: [Select] V [Select]
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