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On March 15, Monroe Sales sells $9,525.00 on account to Garrison Brewer with terms of 2/10,n/30. The cost of goods sold was $6,905.00. a. Journalize
On March 15, Monroe Sales sells $9,525.00 on account to Garrison Brewer with terms of 2/10,n/30. The cost of goods sold was $6,905.00. a. Journalize the sale and the recognition of the cost of the sale. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. Sale Cost b. On March 20, a $125.00 credit memo is given to Garrison Brewer due to merchandise that was the wrong color. Journalize this event. The cost of the returned merchandise was $65.00. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. Return Cost c. On March 25, Garrison Brewer submits payment in full. Journalize this event. If an amount box does not require an entry, leave blank. If required, round your answers to two decimal places
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