Question $3$ of $5$

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Coronado Company sold goods on account to Brian Enterprises with terms of $\frac{2}{10},\frac{n}{30}.$ The goods had a cost of $$708$ and a selling price of $$1,298.$ Both Coronado and Brian use a perpetual inventory system.

$($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually$)$

Record the sale on the books of Coronado.

Account Titles and Explanation

Debit

Credit

$($To record credit sale.$)$

$($To record cost of good sold.$)$

Record the purchase on the books of Brian.

Account Titles and Explanation

Debit

Credit