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Suppose Muddyriver com sells 5,000 books on account for $17 each (cost of these books is $51,000 ) on October 10 to The Boston Book

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Suppose Muddyriver com sells 5,000 books on account for $17 each (cost of these books is $51,000 ) on October 10 to The Boston Book Several books were slightly damaged in shipment, so Muddyriver com granted a sales allowance of $1,020 to The Boston Book on Octobe 13 On October 25. The Boston Book paid the balance due (Assume both companies use a perpetual inventory system) Read the requirements Oct 10 Muddyriver com sells 5,000 books on account for $17 each on October 10 to The Boston Book. Record the transaction on the books of The Boston Book

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