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On March 15th Monroe Sales sells 9525 on account to garrison brewer with terms of 2/10, n/30. The cost of merchandise sold was $6,905. A)
On March 15th Monroe Sales sells 9525 on account to garrison brewer with terms of 2/10, n/30. The cost of merchandise sold was $6,905. A) Journalize the sale and the recognition of the cost of the sale. B) On March 20th a $125 Credit memo is given to Garrison Brewer due to merchandise that was damaged upon receipt. Journalize this event. The cost of the returned merchandise was $65. C)On March 25th Garrison Brewer submits payment in full. Journalize this event
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