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On may 5, Hill Company sold 1,500 of the units for $20 per unit to Bunker Co. Terms of the sale were 2/10 is 60.

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On may 5, Hill Company sold 1,500 of the units for $20 per unit to Bunker Co. Terms of the sale were 2/10 is 60. Prepare entries for Hill Company to record the May 5 sale and each of the following separate transactions A through C using a perfect inventory system On May 7, Bunker returns 200 units because they did not fit the customer's needs Hill Company restores the units to its inventory

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