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Sunland's Market recorded the following events involving a recent purchase of inventory: (1) Received goods for $7,800, terms 2/10, n/30. (2) Returned $156 of the
Sunland's Market recorded the following events involving a recent purchase of inventory: (1) Received goods for $7,800, terms 2/10, n/30. (2) Returned $156 of the shipment for credit. (3) Paid $39 freight on the shipment. (4) Paid the invoice within the discount period.
Use the following tabular analysis to record these transactions. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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