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Record the following transactions.Use the following account titles: Accounts Payable, Accounts Receivable, Cash. Cost of Goods Sold, Freight in Freight Out, Merchandise Inventory, Soles. Sales
Record the following transactions.Use the following account titles: Accounts Payable, Accounts Receivable, Cash. Cost of Goods Sold, Freight in Freight Out, Merchandise Inventory, Soles. Sales Discount, Sales Returns and Allowances. Remember to enter ne if there is no entry In a blank. If there Is more than one debit/credit account In a transaction, list them alphabetical I y. Put S before all dollar amounts. Do not use commas in dollar amounts. Mar. 3 Stellar return $1000 of the merchandise purchased on March 1 because it was the wrong: colour. Octagon gives Stellara$1000 credit on its account. Mar. 3 Octagon's costofthe merchandise returned by Stellar was $440. As the merchandise was not damaged it was returned to Octagon's inventory
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