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Prepare separate entries for each transaction for Ayayai Company. The merchandise purchased by Kingbird, Inc. on June 10 cost Ayayai $4,800, and the goods
Prepare separate entries for each transaction for Ayayai Company. The merchandise purchased by Kingbird, Inc. on June 10 cost Ayayai $4,800, and the goods returned cost Ayayai $269. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation June 10 Cash Cash (To record credit sale) June 10 Cash Cash (To record cost of merchandise sold) June 11 Cash Cash June 12 Cash Cash (To record merchandise returned) June 12+ Cash Cash (To record cost of merchandise returned) Cash June 19 Cash Cash Cash Debit
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