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Record the following transactions for Lett Company. 1. On August 4, Lett sold merchandise on account to Smiley Company for $610, terms 2/10, n/30. 2.
Record the following transactions for Lett Company.
1. | On August 4, Lett sold merchandise on account to Smiley Company for $610, terms 2/10, n/30. |
2. | On August 7, Lett granted Smiley a sales allowance and reduced the cost of the merchandise by $60 because some of the goods were slightly damaged. |
3. | On August 12, Smiley paid the account in full. |
No. Account Titles and Explanation Debit Credit
1.
2.
3.
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