prepare a journal entries

# July, 2019 6 Part 1 7 Sales related and purchase related transactions. 8 9 The following were selected from among the transactions completed by the Brown Company during 10 May of the current year: Prepare journal entries for the following transactions. 4 Sold merchandise on VISA, $120,000. The cost of merchandise sold was $75,000. 5 Purchased merchandise on account from Black Co., list price $70,000, trade discount 40%, freight of $400, terms FOB shipping point, 2/10, n/eom. 12 Sold merchandise on account to Red Co., list price $15,000, terms 3/15, n/30. The cost of merchandise sold $6,000. 13 Red returned $3,000 of merchandise from the May 12th transaction 14 Paid Black on account, for purchase of May 5. 22 Sold merchandise on account to Yellow Co., $60,000. The cost of merchandise Type here to search