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On March 2, Flint Company sold $ 884.000 of merchandise on account to Pina Colada Corp. terms 2/10,n/30. The cost of the merchandise sold was
On March 2, Flint Company sold $ 884.000 of merchandise on account to Pina Colada Corp. terms 2/10,n/30. The cost of the merchandise sold was $ 556,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit Inventory 884000 Accounts Payable 884000 eTextbook and Media Assistance Used List of Accounts Attempts: 3 of 3 used (6) Your answer is correct On March 6, Pina Colada Corp. returned $ 88,400 of the merchandise purchased on March 2 The cost of the returned merchandise was $55.600. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Accounts Payable 88400 Inventory 88400 On March 12, Flint Company received the balance due from Pina Colada Corp. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Accounts Payable 32800 Cash 32144 Inventory 656
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