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Record the following transactions on the books of Oriole Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is
Record the following transactions on the books of Oriole Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) (6) On July 1, Oriole Co.sold merchandise on account to Stacey Inc. for $25,220, terms 2/10, 1/30. On July 8, Stacey Inc. returned merchandise worth $2,370 to Oriole Co On July 11, Stacey Inc paid for the merchandise. Date Credit Account Titles and Explanation Accounts Recevable Debit 25220 July 19 Sales Revenue 25.220 July 8 2 Sales Returns and Allowances 2370 Accounts Receivable 2370 July 11 Cash 20176 Salus Discount 5044 Accounts Receivables 22850 e Textbook and Media List of Accounts
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