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On March 1 , Lincoln sold merchandise on account to Sunland Company for $ 3 1 , 7 0 0 , terms 1 1 0
On March Lincoln sold merchandise on account to Sunland Company for $ terms net On March Sunland returns merchandise with a sales price of $ On March Lincoln receives payment from Sunland for the balance due. Prepare journal entries to record the March transactions on Lincoln's books. You may ignore cost of goods sold entries and explanations.Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Date Account Titles and Explanation Debit Credit Accounts Receivable Sales Revenue Sales Returns and Allowances Accounts Receivable Mar. Sales Discounts Accounts Receivable
On March Lincoln sold merchandise on account to Sunland Company for $ terms net On March Sunland returns
merchandise with a sales price of $ On March Lincoln receives payment from Sunland for the balance due. Prepare journal
entries to record the March transactions on Lincoln's books. You may ignore cost of goods sold entries and explanations.Credit
account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the
problem.
Date
Account Titles and Explanation
Debit
Credit
Accounts Receivable
Sales Revenue
Sales Returns and Allowances
Accounts Receivable
Mar.
Sales Discounts
Accounts Receivable
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