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Reporting Net Sales ---- During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows:
Reporting Net Sales ----
During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows: |
Jan. 6 | Sold goods for $140 to Wizard Inc. with terms 2/10, n/30. The goods cost Solitare $72. |
8 | Sold goods to Spyder Corp. for $86 with terms 1/10, n/30. The goods cost Solitare $62. |
14 | Collected cash due from Wizard Inc. |
Feb. 2 | Collected cash due from Spyder Corp. |
28 | Sold goods for $56 to Bridges with terms 1/10, n/45. The goods cost Solitare $34. |
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