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Record the journal entries for the following sales transactions of Apache Industries. Nov. 7 Sold 11 computers on credit for $810 per computer. Terms of
Record the journal entries for the following sales transactions of Apache Industries. Nov. 7 Sold 11 computers on credit for $810 per computer. Terms of the sale are 5/10, n/60, invoice dated November 7. The cost per computer to Apache is $560. The customer returned 2 computers for a full refund from Apache. Apache returns the computers to their inventory at full cost of $560 per computer. Nov. 21 The customer paid their account in full from the November 7 sale. If an amount box does not require an entry, leave it blank. Assume the perpetual inventory system is used. Nov. 7 Sale on credit Nov. 7 Cost of sale Nov. 14 Return 2 computers Nov. 14 Return 2 computers Nov. 21
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