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please make journal entries for the following: 1. Sold merchandise for $3,000 on account. the Cost of the merchanside was $2500. Journalize the entry for
please make journal entries for the following: 1. Sold merchandise for $3,000 on account. the Cost of the merchanside was $2500. Journalize the entry for the sale. 2. Customer returned merch for $600 credit. Write the journal entry for the return. 3. the cost of the merch returned in the previous question was $300. write the journal entry to account for the cost of the merchandise returned. 4. Purchased merchandise on account for 5,000 and the seller prepaid shipping charges of $100 and added it to the invoice amount 5. At the end of the year there was $800 in shrinkage.
1. Sold merchandise for $3,000 on account. the Cost of the merchanside was $2500. Journalize the entry for the sale.
2. Customer returned merch for $600 credit. Write the journal entry for the return.
3. the cost of the merch returned in the previous question was $300. write the journal entry to account for the cost of the merchandise returned.
4. Purchased merchandise on account for 5,000 and the seller prepaid shipping charges of $100 and added it to the invoice amount
5. At the end of the year there was $800 in shrinkage.
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Study Guide To Accompany Financial Accounting In An Economic Context
Authors: Jamie Pratt
6th Edition
0471731110, 978-0471731115
