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On March 6, Swifty Company returned $90,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $61,200. (Credit account titles
On March 6, Swifty Company returned $90,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $61,200. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually) Account Titles and Explanation Debit Credit (To record merchandise returned) (To record cost of merchandise returned) On March 12. Wildhorse Company received the balance due from Swifty Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit
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