Question
Prepare journal entries for the following transactions for Chillee Company: A. Chillee sold consulting services on account to a customer RST for $3,000, terms 2/10,
Prepare journal entries for the following transactions for Chillee Company: A. Chillee sold consulting services on account to a customer RST for $3,000, terms 2/10, n/30. B. Customer RST was not completely satisfied with the services he received, so Chillee granted an allowance of $200. C. The customer RST paid the amount owed to Chillee within the discounted period. D. Chillee lent $1000 to an employee who signed a 2 month note with an interest rate of 10% E. The employee in "d" above paid the note plus interest at the end of the second month.
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