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On March 15 Lando Company they purchases $21,000 worth of merchandise with terms 2/10n30 and freight of $800. On March 20 they return $1,000 worth
On March 15 Lando Company they purchases $21,000 worth of merchandise with terms 2/10n30 and freight of $800. On March 20 they return $1,000 worth of inventory.
c) cash is debited for $1,000 | ||
b) cost of goods sold is debited for $1,000 | ||
d) cash is credited for $1,000 | ||
a) inventory is credited for $1,000 |
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