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On Match 12. Fret Company sold merchandise in the amount of $10,200 to Babson Company, with credit terms of 3/10. n/30. The cost of the
On Match 12. Fret Company sold merchandise in the amount of $10,200 to Babson Company, with credit terms of 3/10. n/30. The cost of the iterns sold is $5,700 Fret uses the perpetual iiventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise. The selling price of the returned merchandise is $840 and the cost of the merchandise returned is $470. The entry or entries that Fret must make on March 15 is fare): Muittple Choice
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