Tamarisk Supplies Company sold $3\mathrm{.}150$ metal connectors on account to Door Incorporated for $$210$ each on September $15.$ Each metal connector costs Tamarisk $$163$ to make, Door has $60$ days to return the unused goods. On September $29,$ Door returns $60$ connectors. Tamarisk has a September $30$ fiscal year end. At year end, Tamarisk believes $85$ connectors is a good estimate of the total that will be returned. The cost of recovering these products is immaterial. Tamarisk expects to be able to resell these goods for a profit. Tamarisk Supplies Company uses a perpetual inventory.

$($a$)$

Your answer is correct

Prepare the journal entries to record the initial sales on September $15$ for Tamarisk Company. $($Credit account tilles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before creditentries.$)$

Date Account Titles and Explanation

Debit

Credit

Sep. $15$

$661,500$

$($To record the sale of goods$)$

Sep. $15$

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List of Accounts

Attempts: $1$ of $5$ used

$($b$)$

Prepare the joumal entries to record the return of goods on September $29$ for Tamarisk Company. $($Credit account tivles ane automatically indented when the amount is entered. Do not indent manually List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Sep. $29$

$($To record a return of the goods$)$

Sep. $29$

Debit

Credit

$513,450$

$($To record cost of goods sold$)$

red

Sep. $29($To record a return of the goods$)$

Sep. $29$

$($To record the cost of goods sold for retumed goods$)$