Q$1.$ Trident Corp. Sold $$3,500$ worth of material to its customer on one month credit credit.

A week later, the customer returned the entire material and taken a different type of material

which cost $$600$more than the cost of item returned.

Twenty days later, the customer paid $75\%$ of the balance. The next day, the business of the

customer was reduced to ashes in a fire accident and could not pay the balance.

Trident Corp. had to write off the balance Make all necessary entries.