Suppose Bangor Hardware sells merchandise on account, terms 1/10, 1/30, for $1,000 (the cost of the inventory is $380) on March 17, 2018. Bangor Hardware later received 5400 of goods (cost, $120) as sales returns on March 21, 2018. The customer paid the balance due on March 26, 2018. Joumalize the March 2018 transactions for Bangor Hardware assuming the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries. Round your answers to the nearest cont, X.XX.) Start by journalizing the revenue portion of the sale for Bangor Hardware on March 17. (Do not yet record the cost related to the sale. We will do this in the next journal entry) Journal Entry Date Accounts Debit Credit Next, journalize the cost of goods sold. Journal Entry Debit Credit Date Accounts 17 Choose from any list or enter any number in the input fields and then continue to the next question $15 ach Suppose Bangor Hardware sells merchandise on account, terms 1/10, 1/30 for $1.000 (the cost of the inventory is $380) on March 17, 2018. Bangor Hardware later received $400 of goods cast $120) ss sales returns on March 21, 2018. The customer paid the balance due on March 26, 2018. Journalize the March 2018 fransactions for Bangor Hardware assuming the her method is used (Record its first, then rets. Exclude explanations from any oumal entries Round your answers to the nearestent XXX) Next, journalize the cost of goods sold Journal Entry Date Accounts Debit Credit Journalize the revenue efect of the sale return (Do not yet record the inventory adjustment related to the return. We will do this in the next journal entry) Journal Entry Date Accounts Debit Credit Choose from any list of ever any number in the input fields and then continue to the next question A - 4 of 13/2005 search in Suppose Bangor Hardware sells merchandise on account, terms 1/10, 1/30, for $1,000 (the cost of the inventory is $380) on March 17, 2018. Bangor Hardware later received 5400 of goods (cost. $120) as sales returns on March 21, 2016. The customer paid the balance due on March 26, 2018. Journalize the March 2018 fransactions for Bangor Hardware assuming the net method is used. (Record debits first, then credits. Exclude explanations from any journal entries Round your answers to the nearest cont, X.XX), Journalize the revenue offect of the sale return (Do not yet record the inventory adjustment related to the return. We will do this in the next journal entry) Journal Entry Date Accounts Debit Credit ME 21 Next, prepare the entry for cost of goods returned. Journal Entry Debit Credit Accounts Date Choose from any list or enter any number in the input fields and then continue to the next question -earch / Suppose Bangor Hardware sells merchandise on account, terms 1/10, 1/30, for $1,000 (the cost of the inventory is $380) on March 17, 2018. Bangor Hardware later received 5400 of goods (cost. $120) as sales returns on March 21, 2018. The customer paid the balance due on March 26, 2018. Journalize the March 2018 transactions for Bangor Hardware assuming the net method is used. (Record debits first, then credits. Exclude explanations from any journal entries Round your answers to the nearest cent, XXX) YERL, prorey or or You EVOTO Journal Entry Date Accounts Debit Credit Journalize the cash collection from the customer for Bangor Hardware. Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question - 4 of 516 PM 1100005 / 7
